BEIJING (Asian Metal) 23 Feb 23 – With the growing demand in vanadium battery industry, Chinese vanadium pentoxide powder 99.5%min market saw positive market mentality during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB162,000-167,000/t (USD10.9-11.2/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.1/lb V2O5) from middle 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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