BEIJING (Asian Metal) 6 Jan 23 – In view of the rising raw material prices, Chinese vanadium nitride producers has strong intention to increase their prices and the market mentality went strong gradually during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB192,000-195,000/t (USD35.8-36.3/kg V) delivered D/A 180 day, up by RMB2,000/t (USD0.4/kg V) from late last week. Considering that the strong market mentality in spot market continues, insiders believe that the mainstream prices of Chinese vanadium nitride would increase further in the coming week.
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