BEIJING (Asian Metal) 12 Apr 23 – In view of the dropping raw material prices and soft demand from terminal users, Chinese vanadium pentoxide powder 99.5%min market mentality kept negative during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB147,000-152,000/t (USD9.7-10.1/lb V2O5) EXW D/P, down by RMB2,000/t (USD0.1/lb V2O5) from late last week. Considering that the negative mentality continues, insiders predict that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min move down further in the coming week.
“No buyers would like to add inventory for the moment and we didn’t receive any inquiries so far this month. In order to promote sales, we could accept RMB150,000/t (USD9.9/lb V2O5) EXW D/P now,” said a producer in South China. They last sold 5t of vanadium pentoxide powder 99.5%min at RMB152,000/t (USD10.1/lb V2O5) late last month and 5t at RMB153,000/t (USD10.1/lb V2O5) one day before that. Prices of ammonium metavanadate 98%min they received dropped to the latest around RMB120,000/t (USD17.6/kg) EXW D/P. In view of the dropping raw material prices and rare inquiries from terminal users, they predict that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would drop to around RMB145,000/t (USD9.6/lb V2O5) in the coming week.
Please visit for more information https://www.asianmetal.com/news/1925726/Chinese-vanadium-pentoxide-powder-prices-decline
