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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