BEIJING (Asian Metal) 25 Sep 23 – In view of the fact that traders began to enter the market to purchase since mid-week and the price of vanadium pentoxide flake rose, producers’ confidence was generally boosted and they raised prices. Currently, mainstream prices of Chinese vanadium nitride VN N14%min, V77%min stay at RMB139,000-142,000/t (USD19,045-19,456/t) EXW D/A 180 days, up by RMB1,000/t (USD137/t) from yesterday. Supported by the price of vanadium pentoxide flake and the demand of buyers for replenishment before the National Day, insiders expect that mainstream prices of Chinese vanadium nitride would still have room to rise in the coming week.
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