BEIJING (Asian Metal) 10 Jan 23 – Due to the demand increase in vanadium batteries, as well as the economic recovery, most buyers hold optimistic mentality for the moment and they prefer to build inventory before the Spring Festival Holidays. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB128,000-130,000/t (USD8.7-8.9/lb V2O5) EXW D/P, up by about RMB2,000/t (USD0.1/lb V2O5) from middle last week. Considering that most suppliers prefer to hold back from selling and the tight supply in spot market continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would move up further in the coming week.
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