BEIJING (Asian Metal) 1 Aug 22 – As most steel mills reduced their consumption due to the soft rebar market, Chinese vanadium nitride market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB147,000-150,000/t (USD28.2-28.8/kg V) delivered D/A 180 days, down by RMB7,000/t (USD1.3/kg V) from early last week. Considering that few buyers would like to add inventory and market inquiries stay rare now, insiders believe that the mainstream prices of Chinese vanadium nitride would keep moving down in the coming week.
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