BEIJING (Asian Metal) 2 Mar 23 – Supported by firm raw material prices, Chinese vanadium pentoxide powder 99.5%min market mentality stayed solid during the past week. At present, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB162,000-167,000/t (USD10.6-10.9/lb V2O5) EXW D/P, unchanged from late last week. Considering that few producers have inventory pressure now, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would keep firm in the coming week.
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