BEIJING (Asian Metal) 6 Feb 23 – As raw material prices moved up and steel mills’ demand keep growing, traders actively built inventory during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB198,000-201,000/t (USD37.9-38.5/kg V) delivered D/A 180 day, up by RMB3,000/t (USD0.6/kg V) from early last week. Considering that the positive market mentality continues, insiders believe that the mainstream prices of Chinese vanadium nitride would move up slightly in the coming week.
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