BEIJING (Asian Metal) 2 Aug 22 – As few steel mills couldn’t cover their rebar production cost, Chinese vanadium nitride market mentality went cold and the market saw rare inquiries during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB143,000-146,000/t (USD27.5-28.1/kg V) delivered D/A 180 days, down by RMB4,000/t (USD0.8/kg V) from late last week. Considering that negative market mentality continues, insiders believe that the mainstream prices of Chinese vanadium nitride would keep declining in the coming week.
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