BEIJING (Asian Metal) 20 Apr 23 – As downstream vanadium alloy prices kept moving down, Chinese vanadium pentoxide powder 98%min market couldn’t get effective support and the market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 98%min stand at RMB113,000-115,000/t (USD7.6-7.7/lb V2O5) EXW D/P, down by RMB5,000/t (USD0.3/lb V2O5) from late last week. Considering that the sufficient supply continues and most buyers prefer to watch the market, insiders predict that the mainstream prices of Chinese vanadium pentoxide powder 98%min would keep declining in the following week.
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