BEIJING (Asian Metal) 20 Sep 22 – Due to the tight supply in spot market, Chinese vanadium pentoxide flake 98%min market mentality went strong during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB118,000-120,000/t (USD7.8-8.0/lb V2O5) EXW D/A 180 days, up by RMB2,000/t (USD0.1/lb V2O5) from late last week. Considering that most suppliers prefer to hold back from selling now, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep moving up in the coming week.
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