BEIJING (Asian Metal) 23 Aug 23 – Due to the soft rebar market, Chinese vanadium nitride market mentality stayed negative during the past week and producers had to drop their prices to promote sales. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB157,000-160,000/t (USD28.1-28.7/kg V) Delivered D/A 180 days, down by RMB3,000/t (USD0.5/kg V) from middle last week. Considering that raw material prices also keep moving down due to the sufficient supply, insiders predict that the mainstream prices of Chinese vanadium nitride would stay weak in the coming week.
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