BEIJING (Asian Metal) 7 Jun 23 – Due to the weak demand from terminal users, Chinese vanadium pentoxide flake 98%min market mentality stayed soft over the market and suppliers chose to loosen their prices to promote sales. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB102,0000-104,000/t (USD6.7-6.8/lb V2O5) EXW D/A 180days, down by RMB1,000/t (USD0.1/lb V2O5) from late last week. Considering that most buyers prefer to watch the market for the moment, insiders predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay soft in the coming week.
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