BEIJING (Asian Metal) 9 May 22 – As vanadium alloy price kept moving down, Chinese vanadium pentoxide flake 98%min price lost support and the market mentality stayed negative during the past week. At present, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB135,000-137,000/t (USD9.5-9.6/lb V2O5) EXW D/P, down by RMB1,000/t (USD0.1/lb V2O5) from late last week. Considering that most consumers reduced their consumption and the sufficient supply continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would decline further in the coming week.
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