BEIJING (Asian Metal) 11 May 23 – Due to the soft demand and dropping raw material prices, Chinese vanadium pentoxide powder 99.5%min producers chose to loosen their prices to promote sales and the market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stay at RMB122,000-127,000/t (USD8-8.4/lb V2O5) EXW D/P, down by RMB1,000/t (USD0.1/lb V2O5) from late last week. Considering that most buyers prefer to watch the market and the weak mentality continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would move down slightly in the coming week.
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