BEIJING (Asian Metal) 16 Aug 22 – As traders started to build inventories during the past week and inquiries in spot market stayed active, Chinese vanadium pentoxide flake 98%min market prices moved up slightly. However, few terminal users followed up and the market mentality fell in a stalemate again. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB103,000-105,000/t (USD7.1-7.2/lb V2O5) EXW D/A 180 days, up by RMB3,000/t (USD0.2/lb V2O5) from early last week. Considering that most consumers prefer to watch the market for the moment, 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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