India: Ferro vanadium prices remain edge down w-o-w on market stagnancy
Indian ferro vanadium (FeV 50%) prices remained largely stable w-o-w, edging down by INR 3,200/t ($37/t) to INR 1,080,000/t ($12,489/t) exw-Raipur. The market remained subdued, with weak prices and declining activity. Inquiries were limited, and high-priced transactions were few, resulting in stagnant supply-demand dynamics. The market is expected to continue being range-bound in the short term.