BEIJING (Asian Metal) 23 Aug 23 – Due to the weak demand from terminal users, Chinese vanadium pentoxide powder 99.5%min market mentality stayed negative during the past week. At present, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB123,000-128,000/t (USD7.7-7.9/lb V2O5) EXW D/P, down by around RMB2,000/t (USD0.1/lb V2O5) from one week ago. Considering that inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would edge down in the coming week.
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