Chinese Vanadium Pentoxide Flake Prices Edge Down

BEIJING (Asian Metal) 8 Aug 23 – Due to the sufficient supply in spot market, Chinese vanadium pentoxide flake 98%min market mentality stayed soft over the past week and suppliers chose to loosen their prices to promote sales. At present, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB105,500-107,500/t (USD6.74-6.87/lb V2O5) EXW D/A 180 days, down by RMB500/t (USD0.03/lb V2O5) from early last week.┬áConsidering that downstream vanadium alloy market couldn’t offer any effect support, insiders expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would move down slightly in the coming week.

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