BEIJING (Asian Metal) 1 Apr 22 – As raw material prices dropped, Chinese vanadium pentoxide powder 99.5%min market mentality turned negative and most buyers preferred to delay purchase during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB160,000-165,000/t (USD11.5-11.9/lb V2O5) EXW D/P, down by RMB5,000/t (USD0.4/lb V2O5) from late last week. In view of the rare inquiries in spot market, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would keep weak in the coming week.
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