BEIJING (Asian Metal) 7 Mar 22 – Encouraged by international market prices rise, Chinese vanadium pentoxide flake 98%min market mentality went strong accordingly. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB136,000-138,000/t (USD10.0-10.1/lb V2O5) EXW D/A 180 days, up by RMB6,000/t (USD0.4/lb V2O5) from early last week. In view of the bullish market mentality, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would increase to RMB140,000/t (USD10.3/lb V2O5) in the coming week.
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