BEIJING (Asian Metal) 5 Jan 23 – As raw material prices moved up during the past week, Chinese vanadium pentoxide powder 99.5%min producers had strong intention to increase their prices and the market mentality went strong accordingly. Currently, the mainstream prices of prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB152,000-157,000/t (USD9.9-10.3/lb V2O5) EXW D/P, up by RMB2,000/t (USD0.1/lb V2O5) from early last week. Considering that the optimistic market mentality continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min edge up in the coming week.
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