Chinese Vanadium Pentoxide Flake Market Sees Stalemate Mentality

BEIJING (Asian Metal) 1 Sep 22 – Due to the tight supply in spot market, vanadium pentoxide flake 98%min suppliers had strong intention to increase their prices during the past week. However, due to the soft demand from terminal users, market prices fell in a stalemate this week. At present, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB110,000-112,000/t (USD7.4-7.5/lb V2O5) EXW D/A 180 days, unchanged from this Tuesday. In view of the stalemate prices of downstream vanadium alloys, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep in a stalemate in the coming week.

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