BEIJING (Asian Metal) 31 May 22 – As market demand dries up due to COVID-19 control, Chinese vanadium nitride price lost its support and market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB167,000-170,000/t (USD32.4-33/kg V) delivered D/P, down by RMB10,000/t (USD1.9/kg V) from early last week. Considering that few buyers would like to build inventory now, insiders believe that the mainstream prices of Chinese vanadium nitride would drop to around RMB164,000/t (USD31.8/kg V) in the coming week.
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