BEIJING (Asian Metal) 16 Oct 23 – Although downstream demand appears weak, most producers have no intention of reducing prices for shipments supported by costs. Currently mainstream prices of Chinese vanadium nitride VN N14%min, V77%min remain stable at RMB139,000-142,000/t (USD19,026-19,436/t) EXW D/A 180 days from yesterday. In view of the weak downstream demand and the strong willingness to force down prices, insiders expect that mainstream prices of Chinese vanadium nitride would weaken in the coming week.
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