Chinese Vanadium Pentoxide Flake Prices Keep Slumping

BEIJING (Asian Metal) 11 Sep 23 – As vanadium alloy prices kept declining over the past week, Chinese vanadium pentoxide flake 98%min market prices couldn’t get any effective support and the market mentality kept slumping. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB94,000-96,000/t (USD5.9-6.1/lb V2O5) EXW D/A 180 days, down by RMB6,000/t (USD0.4/lb V2O5) from early last month. Considering that the sufficient supply in spot market continues, insiders predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop further in the coming week.

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