Indian ferro vanadium prices remain stable on market stagnancy
Indian ferro vanadium (FeV) prices remained largely stable this week, barring a marginal increase of INR 7,000/t ($83/t) w-o-w to INR 1,140,000/t ($13,577/t) exw-Raipur (FeV 50%). The price stability stemmed from prolonged market stagnancy, characterised by cautious buyers and minimal purchases. However, after the week-long Chinese holiday, the global ferro vanadium market improved, indicating a potential upward shift in India in the near future.