BEIJING (Asian Metal) 9 Jun 22 – Though economic situation turned better after COVID-19 control, no buyers would like to build stocks and Chinese vanadium pentoxide powder 99.5%min market inquiries stayed rare during the past week. Producers just tried to increase their prices slightly as they couldn’t lock raw material prices. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB137,000-142,000/t (USD9.3-9.7/lb V2O5) EXW D/P, up by RMB2,000/t (USD0.1/lb V2O5) from early last week. In view of the rare inquiries in spot market, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 99.5%min stay in a stalemate in the coming week.
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