Chinese Vanadium Pentoxide Flake Edge Down

BEIJING (Asian Metal) 14 Mar 23 – As vanadium alloy bidding prices couldn’t offer any effective support, Chinese vanadium pentoxide flake 98%min market mentality stayed soft during the past week and suppliers chose to loosen their prices to promote sales. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stay at RMB139,000-141,000/t (USD9.25-9.38/lb V2O5) EXW D/A 180 days, down by RMB1,000/t (USD0.07/lb V2O5) from middle last week. Considering that most buyers prefer to watch the market and the sufficient supply in spot market continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would edge down in the coming week.

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