Chinese Vanadium Pentoxide Powder Prices Down

BEIJING (Asian Metal) 1 Aug 23 – In view of the soft demand, Chinese vanadium pentoxide powder 99.5%min market mentality kept negative during the past week. At present, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB126,000-131,000/t (USD8-8.4/lb V2O5) EXW D/P, down by RMB3,000/t (USD0.2/lb V2O5) from early last week. Considering that no signs show that terminal users’ demand could recover, insiders expect that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would edge down in the coming week.

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