BEIJING (Asian Metal) 24 May 23 – As too many buyers preferred to build inventory, Chinese vanadium pentoxide flake 98%min market saw positive mentality and suppliers held back from selling over the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB107,0000-109,000/t (USD7-7.2/lb V2O5) EXW D/P, up by RMB4,000/t (USD0.3/lb V2O5) from late last week. Considering that the tight supply in spot market continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would go up further in the coming week.
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