BEIJING (Asian Metal) 28 Feb 23 – Due to the fierce competition but firm raw material prices, Chinese vanadium nitride market mentality stayed in a stalemate during the past week. At present, the mainstream prices of Chinese vanadium nitride stand at RMB205,000-208,000/t (USD38.3-38.8/kg V) delivered D/A 180 day, unchanged from early last week. Considering that dealing prices could hardly cover production cost, insiders believe that the mainstream prices of Chinese vanadium nitride would stay solid in the coming week.
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