BEIJING (Asian Metal) 19 May 22 – Due to the soft demand from terminal user, Chinese vanadium nitride market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB188,000-191,000/t (USD36.3-36.9/kg V) EXW D/A 180 days, down by RMB7,000/t (USD1.4/kg V) from late last week. Considering that most producers face inventory pressure now, insiders believe that the mainstream prices of Chinese vanadium nitride would keep moving down in the coming week.
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