India: Ferro vanadium prices dip w-o-w amid weak buyer interest
Indian ferro vanadium (FeV 50%) prices fell by INR 8,250/t ($97/t) w-o-w, settling at INR 1,107,000/t ($13,073/t) exw-Raipur. While buyers seek further price cuts, sellers are holding firm due to the impact of rupee depreciation on raw material imports. This ongoing conflict between price expectations and cost pressures is creating market volatility, with negotiations continuing to shape supply-demand dynamics.