BEIJING (Asian Metal) 23 Mar 23 – In view of the soft demand and dropping raw material prices, Chinese vanadium pentoxide powder 99.5%min market mentality kept weak during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB155,000-160,000/t (USD10.2-10.5/lb V2O5) EXW D/P, down by RMB5,000/t (USD0.3/lb V2O5) from late last week. Considering that most buyers prefer to watch the market, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would keep soft in the coming week.
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