BEIJING (Asian Metal) 20 Oct 23 – Although steel mills lowered the target price, supported by the cost, most sellers have no intention of reducing prices for shipments. Currently mainstream prices of Chinese vanadium nitride VN N14%min, V77%min remain stable at RMB137,000-140,000/t (USD18,733-19,143/t) EXW D/A 180 days from yesterday. Downstream demand appears weak, but most producers do not consider lowering prices given the high raw material prices, therefore, insiders expect that mainstream prices of Chinese vanadium nitride would keep flat in the coming week.
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