BEIJING (Asian Metal) 30 Aug 23 – Due to the soft demand from terminal users, Chinese vanadium nitride market mentality stayed negative over the past week and suppliers actively dropped their prices to promote sales. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB150,000-153,000/t (USD26.8-27.3/kg V) Delivered D/A 180 days, down by RMB3,000/t (USD0.5/kg V) from this Monday. Considering that the sufficient supply in spot market continues and raw material prices also keep moving down, insiders believe that the mainstream prices of Chinese vanadium nitride would drop further in the coming week.
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