BEIJING (Asian Metal) 27 Oct 23 – In view of the fact that producers choose to cut prices for shipments due to the weak downstream demand, 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 stay at RMB114,000-119,000/t (USD15,582-16,265/t) EXW D/P, down by RMB1,000/t (USD137/t) from early this week. Considering the weak downstream demand, insiders expect that mainstream prices of Chinese vanadium pentoxide powder would weaken in the coming week.
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