BEIJING (Asian Metal) 17 Mar 22 – As too many traders chose to reduce inventory by bulk volume to lock their profit, Chinese vanadium pentoxide flake 98%min market mentality turned negative after two weeks of price soaring. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB145,000-147,000/t (USD10.6-10.7/lb V2O5) EXW D/P, down by RMB8,000/t (USD0.6/lb V2O5) from late last week. Considering that most consumers prefer to watch the market now, insiders believe that negative market mentality would continue and the mainstream prices of Chinese vanadium pentoxide flake 98%min would move down slightly in the coming week.
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