BEIJING (Asian Metal) 23 Oct 23 – Most Chinese vanadium nitride suppliers prefer to keep their prices stable at present although steel mills already cut their target purchasing prices and purchasing amounts. As some suppliers started cutting their prices to recoup funds as soon as possible, mainstream prices of Chinese vanadium nitride VN N14%min, V77%min stand at RMB137,000-140,000/t (USD18,723-19,133/t) EXW D/A 180 days currently, basically in line with yesterday. Insiders predict that mainstream prices of Chinese vanadium nitride would go down next week as downstream customers have strong intention to force down their purchasing prices of the material now and demand in the domestic market is soft.
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