BEIJING (Asian Metal) 21 Aug 23 – Due to the soft demand from terminal users, Chinese vanadium pentoxide powder 99%min market mentality maintained negative during the past week. At present, the mainstream prices of Chinese vanadium pentoxide powder 99%min stand at RMB110,000-112,000/t (USD7-7.1/lb V2O5) EXW D/P, unchanged from early last week. Considering that the no signs show that the demand could increase, insiders expect that the mainstream prices of Chinese vanadium pentoxide powder 99%min would keep soft in the following week.
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