India: Ferro vanadium prices remain steady on festive spirit
Indian ferro vanadium (FeV) prices remained steady w-o-w, with a slight hike of INR 1,750/t ($21/t) to INR 1,125,500/t ($13,362/t) exw-Raipur (FeV 50%). Amid ongoing festivities, trading activity was flat, but rising raw material costs provided some support to vanadium prices. However, high-priced transactions were limited, as both supply and demand sides adopted a cautious approach.