BEIJING (Asian Metal) 23 Mar 22 – As international market prices stay at a much higher level than domestic market, Chinese vanadium pentoxide flake 98%min market mentality keeps bullish now. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB143,000-145,000/t (USD10.4-10.6/lb V2O5) EXW D/P, up by RMB3,000/t (USD0.2/lb V2O5) from late last week. Considering that major producers’ long-term agreement price also stands at a much higher level than spot market at the moment, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would move up slightly in the coming week.
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