BEIJING (Asian Metal) 28 Aug 23 – Due to the soft rebar market, Chinese vanadium nitride market mentality stayed negative during the past week and producers actively dropped their prices to promote sales. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB153,000-156,000/t (USD27.3-27.8/kg V) Delivered D/A 180 days, down by RMB4,000/t (USD0.7/kg V) from middle last week. Considering that the sufficient supply in spot market continues, insiders expect that the mainstream prices of Chinese vanadium nitride would move down further in the coming week.
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