India: Ferro vanadium prices inch down on market stagnancy
Indian ferro vanadium (FeV) prices edged down by INR 12,000/t ($286/t) w-o-w to INR 1,152,000/t ($13,702/t) exw-Raipur (FeV 50%). The slight price decline stemmed from manufacturers' unwillingness to sell at prevailing prices. Market activity was low, influenced by price cuts by major producers. Supply and demand were stagnant, with limited purchase inquiries and few high-value transactions.