BEIJING (Asian Metal) 31 Aug 23 – Due to soft demand from terminal users, Chinese vanadium pentoxide flake 98%min market mentality kept negative and suppliers actively dropped their prices to promote sales during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB100,000-102,000/t (USD6.4-6.5/lb V2O5) EXW D/A 180 days, down by RMB3,000/mtu (USD0.2/lb V2O5) from this Monday. Considering that the sufficient supply in spot market continues, insiders expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop further in the coming week.
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