BEIJING (Asian Metal) 16 Jun 22 – As few suppliers had inventory pressure during the past week, Chinese vanadium pentoxide flake 98%min prices moved up gradually and the market mentality stayed firm. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB120,000-122,000/t (USD8.4-8.5/lb V2O5) EXW D/A 180 days, up by RMB2,000/t (USD0.1/lb V2O5) from late last week. Considering that rebar prices keep moving down and terminal steel mills couldn’t guarantee their basic profit now, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay in a stalemate in the coming week.
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