BEIJING (Asian Metal) 5 Jan 23 – As most producers preferred to hold back from selling during the past week, Chinese vanadium pentoxide flake market saw tight supply and the market mentality stayed strong accordingly. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stay at RMB126,000-128,000/t (USD8.36-8.50/lb V2O5) EXW D/A 180 days, up by RMB500/t (USD0.03/lb V2O5) from late last week. Considering that inquiries in spot market stay active and the tight supply continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would edge up in the coming week.
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