Chinese Vanadium Pentoxide Flake Market Stays Soft

BEIJING (Asian Metal) 29 Apr 22 – As downstream vanadium alloy price kept dropping, vanadium pentoxide flake 98%min price couldn’t get effective support and market mentality stayed soft during the past week. At present, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB138,000-140,000/t (USD9.8-10/lb V2O5) EXW D/A 180 days, down by RMB2,000/t (USD0.1/lb V2O5) from late last week.¬†Considering that the weak market mentality continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop further in the coming week.

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