BEIJING (Asian Metal) 25 May 22 – Due to the weak demand from terminal users, most vanadium nitride producers faced huge inventory pressure and market mentality stayed soft during the past week. At present, the mainstream prices of Chinese vanadium nitride stand at RMB180,000-183,000/t (USD35.2-35.7/kg V) EXW D/A 180 days, down by RMB8,000/t (USD1.6/kg V) from late last week. Considering that most buyers prefer to watch the market and inquiries keep rare now, insiders believe that the mainstream prices of Chinese vanadium nitride would stay at no more than RMB170,000/t (USD33.2/kg V) in the coming week.
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