BEIJING (Asian Metal) 11 Mar 22 – Encouraged by prices rose in international vanadium market, Chinese vanadium pentoxide powder 98%min market mentality went strong accordingly during the past week and most suppliers prefer to hold back from selling now. Currently, the mainstream prices of Chinese vanadium pentoxide powder 98%min stand at RMB145,000-147,000/t (USD10.7-10.8/lb V2O5) EXW D/P, up by RMB14,000/t (USD1.0/lb V2O5) from late last week. In view of the active inquires, insiders hold bullish attitude and they believe that the mainstream prices of Chinese vanadium pentoxide powder 98%min would break up RMB150,000/t (USD11.0/lb V2O5) in the coming week.
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