BEIJING (Asian Metal) 10 May 23 – Though inquiries turned active, in view of the sufficient supply in spot market, Chinese vanadium pentoxide flake 98%min suppliers still hold negative mentality so far this week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB100,000-102,000/t (USD6.70-6.83/lb V2O5) EXW D/A 180 days, down by RMB1,000/t (USD0.07/lb V2O5) from this Monday. Considering that the soft rebar market couldn’t offer any effective support, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep weak in the coming week.
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