BEIJING (Asian Metal) 27 Jul 23 – Due to the sufficient supply in spot market, Chinese vanadium pentoxide flake 98%min market mentality maintained soft over the past week. At present, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB106,000-108,000/t (USD6.8-6.9/lb V2O5) EXW D/A 180 days, unchanged from middle last week. Considering that downstream vanadium alloy market couldn’t offer any effective support for the moment, insiders expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay weak in the coming week.
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