BEIJING (Asian Metal) 8 Nov 22 – Due to the dropping rebar prices, vanadium raw material prices couldn’t get effective support from terminal users and the market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB122,000-124,000/t (USD7.7-7.9/lb V2O5) EXW D/A 180 days, down by RMB1,000/t (USD0.1/lb V2O5) from early last week. Considering that most buyers prefer to watch the market and inquiries in spot market stay rare for the moment, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay weak in the coming week.
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