BEIJING (Asian Metal) 27 Jul 23 – In view of the soft demand from terminal users, Chinese vanadium pentoxide powder 99.5%min market mentality stayed negative over the past week and producers chose to loosen their prices to promote sales. At present, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB128,000-133,000/t (USD8.1-8.4/lb V2O5) EXW D/P, down by RMB2,000/t (USD0.1/lb V2O5) from late last week. Considering that inquiries in spot market keep rare, insiders predict that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would stay soft in the coming week.
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