BEIJING (Asian Metal) 14 Mar 22 – Supported by raw material prices soaring, Chinese vanadium nitride producers could hardly quote but market mentality saw strong bullish mentality during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB224,500-227,500/t (USD46.2-46.8/kg V) delivered D/A 180 days, up by RMB29,500/t (USD6.1/kg V) from early last week. As most raw material suppliers prefer to hold back from selling and vanadium nitride producers could hardly lock their raw material price, insiders believe that the mainstream prices of Chinese vanadium nitride would keep moving up in the coming week.
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