BEIJING (Asian Metal) 11 Apr 23 – Due to the sufficient supply in spot market, Chinese vanadium nitride market mentality kept soft during the past week. At present, the mainstream prices of Chinese vanadium nitride stand at RMB190,000-193,000/t (USD36.2-36.7/kg V) delivered D/A 180 days, down by RMB4,000/t (USD0.8/kg V) from middle last week. Considering that most producers face growing inventory pressure for the moment, insiders believe that the mainstream prices of Chinese vanadium nitride would drop further in the coming week.
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