Indian ferro vanadium prices increased by INR 70,000/t ($839/t) this week, with FeV 50% prices ranging between INR 1,250,000-1,275,000/t ($14,981-$15,286/t) ex-works (50% prorate). Due to the fragile demand in the domestic market and continual raw material shortages, prices witnessed an uptick. However, overseas market especially China has paced up with its sound demand and market operations.
