Chinese Vanadium Pentoxide Flake Market Witnesses Tight Supply

BEIJING (Asian Metal) 29 Aug 22 РAs most producers preferred to hold back from selling during the past week, Chinese vanadium pentoxide flake 98%min market saw tight supply and consumers actively increased their target price to build inventory. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB108,000-110,000/t (USD7.3-7.4/lb V2O5) EXW D/A 180 days, up by RMB3,000/t (USD0.2/lb V2O5) from early last week. Considering that inquiries in spot market keep growing, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep moving up in the coming week.

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