Chinese Vanadium Pentoxide Flake Prices Drop

BEIJING (Asian Metal) 11 May 22 – As vanadium alloy price kept moving down, Chinese vanadium pentoxide flake 98%min market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB133,000-135,000/t (USD9.2-9.3/lb V2O5) EXW D/P, down by RMB1,000/t (USD0.1/lb V2O5) from this Monday.¬†Considering that downstream market couldn’t offer any effective support and the soft 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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