BEIJING (Asian Metal) 11 May 22 – Due to the sufficient supply in spot market, Chinese vanadium nitride producers held negative attitude during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB195,000-198,000/t (USD37.7-38.2/kg V) EXW D/P, down by RMB5,000/t (USD1/kg V) from late last week. As steel mills’ demand stays soft due to COVID-19 control, insiders believe that the mainstream prices of Chinese vanadium nitride would move down further in the coming week.
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