BEIJING (Asian Metal) 13 Jul 23 – Due to the sufficient supply in spot market, Chinese vanadium nitride producers chose to loosen their prices to promote sales and the market mentality stayed weak over the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB163,000-166,000/t (USD29.2-29.8/kg V) Delivered D/A 180 days, down by RMB2,000/t (USD0.4/kg V) from late last week. Considering that consumers keep reducing demand due to the overhaul in July, insiders predict that the mainstream prices of Chinese vanadium nitride would stay weak in the coming week.
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