BEIJING (Asian Metal) 20 Jul 22 – As vanadium alloy prices kept dropping and consumers preferred to watch the market during the past week, Chinese vanadium pentoxide flake 98%min market mentality stayed negative accordingly. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB108,000-110,000/t (USD7.4-7.5/lb V2O5) EXW D/P, down by RMB6,000/t (USD0.4/lb V2O5) from middle last week. Considering that the soft market mentality continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep moving down in the coming week.
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