Chinese Vanadium Pentoxide Flake Market Fells In Stalemate

BEIJING (Asian Metal) 16 Aug 22 РAs traders started to build inventories during the past week and inquiries in spot market stayed active, Chinese vanadium pentoxide flake 98%min market prices moved up slightly. However, few terminal users followed up and the market mentality fell in a stalemate again. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB103,000-105,000/t (USD7.1-7.2/lb V2O5) EXW D/A 180 days, up by RMB3,000/t (USD0.2/lb V2O5) from early last week. Considering that most consumers prefer to watch the market for the moment, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay in a stalemate in the coming week.

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