BEIJING (Asian Metal) 20 Apr 22 – Due to the soft demand from terminal users and the dropping raw material prices, Chinese vanadium pentoxide powder 99.5%min market mentality stayed negative during the past week. At present, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB155,000-160,000/t (USD11.1-11.5/lb V2O5) EXW D/P, down by RMB3,000/t (USD0.2/lb V2O5) from middle last week. In view of the soft inquires in spot market, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 99.5%min would stay soft in the coming week.
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