Indian ferro vanadium prices trended down on 7 Aug’24 by INR 24,000/t ($286/t) on sluggish market sentiment. FeV 50% prices stood at around INR 1,150,000/t ($13,703/t) exw-Raipur (50% prorate). The market environment remains subdued, with only essential purchases being heard. Weak demand has impacted prices, which are expected to stabilise at current levels in the near term, sources informed.
Leave a Reply