BEIJING (Asian Metal) 29 Jun 22 – Due to the uncertain raw material prices, most vanadium pentoxide powder 98%min producers preferred to hold back from selling and the market mentality stayed in a stalemate during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 98%min stand at RMB116,000-118,000/t (USD8-8.2/lb V2O5) EXW D/P, unchanged from early last week. Considering that inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 98%min would stay in a stalemate in the coming week.
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