BEIJING (Asian Metal) 6 Sep 23 – In view of the dropping rebar prices and dropping vanadium pentoxide flake 98%min prices, Chinese vanadium nitride producers held negative mentality over the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB145,000-148,000/t (USD25.9-26.4/kg V) Delivered D/A 180 days, down by RMB2,000/t (USD0.4/kg V) from this Monday. Considering that the negative market mentality continues, insiders expect that the mainstream prices of Chinese vanadium nitride would move down further in the coming week.
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