BEIJING (Asian Metal) 2 Aug 22 – As steel mills reduced vanadium alloy consumption and vanadium alloy prices kept dropping during the past week, Chinese vanadium pentoxide flake 98%min consumers preferred to watch the market and inquiries stayed rare. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB98,000-100,000/t (USD6.7-6.9/lb V2O5) EXW D/P, down by RMB6,000/t (USD0.4/lb V2O5) from early last week. Considering that the soft demand continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop further in the coming week.
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