BEIJING (Asian Metal) 15 Sep 23 – In view of the weak downstream demand, most producers are bearish on the market outlook and successively lower prices. Current mainstream prices of Chinese vanadium pentoxide powder V2O5 99.5%min, Si 0.08%max, Fe 0.1%max, P 0.02%max, S 0.03%max stand at RMB113,000-118,000/t (USD15,526-16,213/t) EXW D/P, down by RMB2,000 (USD275/t) from early this week. Although most producers begin to cut prices for shipments, the market still sees very few deals. Therefore, insiders expect that mainstream prices of Chinese vanadium pentoxide powder 99.5%min would move down in the coming week.
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