BEIJING (Asian Metal) 13 Sep 23 – Dragged by sluggish downstream demand, most producers began to lower prices this week. Currently, the mainstream prices of Chinese vanadium pentoxide flake V2O5 98%min, Si 0.25%max, Fe 0.3%max stand at RMB92,000-94,000/t (USD12,617-12,891/t) EXW D/A 180 days, down by RMB2,000/t (USD274/t) from late last week. In view of the fact that most producers are bearish about the market outlook and successively cut prices for shipments, insiders expect that the mainstream prices of Chinese vanadium pentoxide flake would continue to fall this week.
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