BEIJING (Asian Metal) 12 Jul 23 – Due to the sufficient supply in spot market, Chinese vanadium pentoxide flake 98%min producers chose to loosen their prices to promote sales this week and the market mentality turned negative accordingly. Currently, the mainstream dealing prices of Chinese vanadium pentoxide flake 98%min stand at RMB106,000-108,000/t (USD6.8-6.9/lb V2O5) EXW D/A 180 days, down by around RMB1,000/t (USD0.1/lb V2O5) from late last week. Considering that few buyers would like to build inventory in July, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay weak in the coming week.
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