BEIJING (Asian Metal) 23 Mar 22 – As steel mills showed strong resistance for raw material price soaring, Chinese vanadium nitride market mentality turned soft during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB212,000-215,000/t (USD43.3-43.9/kg V) delivered D/A 180 days, down by about RMB10,000/t (USD2/kg V) from middle last week. Considering that most producers prefer to hold back from selling and raw material price started to increase again, insiders believe that the mainstream prices of Chinese vanadium nitride would edge up in the coming week.
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