BEIJING (Asian Metal) 12 May 22 – As raw material price kept moving down, vanadium pentoxide powder 99.5%min market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB148,000-153,000/t (USD10.1-10.4/lb V2O5) EXW D/P, down by RMB3,000/t (USD0.2/lb V2O5) from late last week. Considering that most buyers prefer to watch the market and inquires stay rare now, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 99.5%min would drop further in the coming week.
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