BEIJING (Asian Metal) 12 Sep 23 – In view of soft downstream demand and sufficient upstream supply, this week most Chinese vanadium nitride producers feel bearish on price outlook and begin to lower prices successively. Currently, mainstream prices of Chinese vanadium nitride VN N14%min, V77%min stand at RMB140,000-143,000/t (USD24.95-25.47/kg V) EXW D/A 180 days, down by RMB3,000/t (USD0.53/kg V) from late last week. With raw material prices dropping, downstream participants feel pessimistic about market outlook, and insiders believe that mainstream prices of Chinese vanadium nitride would move down further this week.
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