BEIJING (Asian Metal) 19 Sep 23 – Although some sellers refuse to loosen their prices supported by costs, some other sellers successively reduce prices for shipments. Current mainstream prices of Chinese vanadium pentoxide powder V2O5 98%min, S 0.2%max, Fe 0.2%max, P 0.03%max keep relatively stable at RMB87,000-89,000/t (USD11,931-12,206/t) EXW D/P from last Friday. In view of weak downstream demand and strong willingness to force prices down, insiders expect that mainstream prices of Chinese vanadium pentoxide powder 98%min would go down this week, but the downside space is limited due to cost support.
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