India: Ferro vanadium prices inch up on positive market response
Indian ferro vanadium (FeV) prices edged up by INR 24,000/t ($286/t) w-o-w to INR 1,164,000/t ($13,847/t) exw-Raipur (FeV 50%). Domestic demand for ferro vanadium saw a slight increase amid rising inquiries from traders, though transactions were limited at higher prices. The steel industry's uptrend has bolstered market confidence, with participants expecting a further rise in ferro vanadium prices in the near term.