BEIJING (Asian Metal) 17 Oct 22 – In view of the firm raw material prices but the soft demand from steel-mills, Chinese vanadium nitride producers held stalemate mentality during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB179,000-182,000/t (USD32.7-33.2/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.2/kg V) from early last week. Considering that most buyers prefer to watch the market for the moment, insiders believe that the mainstream prices of Chinese vanadium nitride would keep soft in the coming week.
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