BEIJING (Asian Metal) 25 Mar 22 – As major producers increased their April long-term agreement price to RMB150,000/t (USD10.9/lb V2O5) EXW D/P this Tuesday, Chinese vanadium pentoxide flake 98%min market sees bullish mentality now. 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, up by RMB5,000/t (USD0.4/lb V2O5) from late last week. Considering that terminal users need time to accept raw material price rise, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep in a stalemate in the coming week.
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