Chinese Vanadium Pentoxide Flake Mentality Stays Firm

BEIJING (Asian Metal) 16 Jun 22 – As few suppliers had inventory pressure during the past week, Chinese vanadium pentoxide flake 98%min prices moved up gradually and the market mentality stayed firm. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB120,000-122,000/t (USD8.4-8.5/lb V2O5) EXW D/A 180 days, up by RMB2,000/t (USD0.1/lb V2O5) from late last week.¬†Considering that rebar prices keep moving down and terminal steel mills couldn’t guarantee their basic profit now, 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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