BEIJING (Asian Metal) 21 Feb 23 – As major producers’ long-term contract prices stay at a lower level than market expectation, Chinese vanadium pentoxide flake market mentality stays weak for the moment. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB140,000-142000/t (USD9.6-9.7/lb V2O5) EXW D/A 180 days, unchanged from early last week. In view of the soft demand from terminal users and rare inquiries in spot market, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay weak in the coming week.
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