BEIJING (Asian Metal) 25 Nov 22 – Due to COVID-19 control, the freight industry would stay uncertain this winter and steel-mills prefer to build their winter inventory in advance. Vanadium nitride producers tried to increase their prices so far this week and the market mentality went strong accordingly. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB182,000-185,000/t (USD33.3-33.6/kg V) delivered D/A 180 days, up by RMB3,000/t (USD0.5/kg V) from this Monday. In view of the growing market mentality, insiders believe that the mainstream prices of Chinese vanadium nitride would move up further in the coming week.
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