BEIJING (Asian Metal) 14 Feb 23 – Supported by rising raw material prices, Chinese vanadium pentoxide powder 99.5%min moved up accordingly and the market mentality stays positive for the moment. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB160,000-165,000/t (USD10.8-11.1/lb V2O5) EXW D/P, up by RMB4,000/t (USD0.3/lb V2O5) from early last week. Considering that few producers have inventory pressure for the moment, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would stay firm in the coming week.
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