BEIJING (Asian Metal) 23 Oct 23 – Although steel mills lowered the target price, in view of the fact that most sellers have no intention of shipping at lower prices, currently mainstream prices of Chinese vanadium pentoxide flake V2O5 98%min, Si 0.25%max, Fe 0.3%max keep stable at RMB90,000-92,000/t (USD12,301-12,575/t) EXW D/A 180 days from yesterday. Considering the abundant market supply and the reduction of the target price of steel mills, insiders expect that mainstream prices of Chinese vanadium pentoxide flake 98%min would go down in the coming week.
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