BEIJING (Asian Metal) 27 Jul 22 – As vanadium alloy price kept dropping, Chinese vanadium pentoxide flake 98%min price lost its support and the market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB104,000-106,000/t (USD7.1-7.3/lb V2O5) EXW D/P, down by RMB4,000/t (USD0.3/lb V2O5) from late last week. Considering that most consumers prefer to watch the market and inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would decline further in the coming week.
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