BEIJING (Asian Metal) 31 Aug 23 – In view of the rare inquiries in spot market, Chinese vanadium pentoxide powder 98%min market suppliers chose to loosen their prices to promote sales during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 98%min stand at RMB98,000-100,000/t (USD6.2-6.4/lb V2O5) EXW D/P, down by RMB2,000/mtu (USD0.1/lb V2O5) from late last week. Considering that the negative market mentality continues, insiders predict that the mainstream prices of Chinese vanadium pentoxide powder 98%min would edge down in the coming week.
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