BEIJING (Asian Metal) 29 Aug 23 – In view of the soft demand from terminal users, Chinese vanadium pentoxide flake 98%min market mentality stayed negative over the past week and suppliers actively dropped their prices to promote sales. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB103,000-105,000/t (USD6.6-6.7/lb V2O5) EXW D/A 180 days, down by RMB2,000/mtu (USD0.1/lb V2O5) from early last week. Considering that the soft vanadium alloy market couldn’t offer any effective support now, insiders predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would move down further in the coming week.
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