BEIJING (Asian Metal) 16 Jun 22 – As producers could hardly lock their raw material prices, they tried to increase their prices during the past week. However, most buyers preferred to watch the market and the market mentality stayed in a stalemate. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB138,000-143,000/t (USD9.47-9.81/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.07/lb V2O5) from late last week. Considering that the stalemate market mentality continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would stay steady in the coming week.
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