BEIJING (Asian Metal) 20 Dec 22 – As COVID-19 control released, most buyers hold optimistic mentality for price up after Spring Festival holidays and they prefer to build inventory within December. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stay at RMB124,000-126,000/t (USD8.2-8.4/lb V2O5) EXW D/A 180 days, up by RMB1,000/t (USD0.1/lb V2O5) from early last week. Considering that few suppliers would like to reduce their inventory and the tight supply in spot market continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would edge up in the coming week.
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