BEIJING (Asian Metal) 20 Jul 22 – As most steel mills reduced their consumption due to the dropping rebar prices, Chinese vanadium nitride market mentality stayed negative during the past week. At present, the mainstream prices of Chinese vanadium nitride stand at RMB160,000-163,000/t (USD30.7-1.3/kg V) delivered D/P, down by RMB9,000/t (USD1.7/kg V) from early last week. Considering that spot market sees sufficient supply and the negative market mentality continues, insiders believe that the mainstream prices of Chinese vanadium nitride would keep moving down in the coming week.
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