BEIJING (Asian Metal) 2 Mar 23 – As downstream vanadium product prices stayed weak during the past week, Chinese vanadium pentoxide flake 98%min prices could hardly rise. However, as few suppliers have inventory for the moment, the market mentality stays in a stalemate for the moment. At present, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB140,000-142,000/t (USD9.3-9.4/lb V2O5) EXW D/A 180 days, unchanged from late last week. Considering that steel mills’ vanadium alloy demand keep strong now, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep firm in the coming week.
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