BEIJING (Asian Metal) 29 Mar 22 – Due to the tight supply in spot market, Chinese vanadium pentoxide flake 98%min market saw bullish mentality during the past week. At present, 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, unchanged from late last week. Considering that major producers’ long-term agreement price even stands at RMB150,000/t (USD10.9/lb V2O5) EXW D/P and most suppliers prefer to hold back from selling now, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep firm in the coming week.
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