India: Ferro vanadium prices remain firm on market stagnancy
Indian ferro vanadium (FeV 50%) prices remained unchanged w-o-w at INR 1,125,500/t ($13,336/t) exw-Raipur amid moderate activity. Transaction volumes were steady, with traders showing cautious interest, while manufacturers were focused on managing costs, which made price reductions challenging. Participants remain in a wait-and-watch mode, which has led to a lack of movements in supply and demand. Further stability is expected in the short term.