Indian ferro vanadium (FeV 50%) prices inched up w-o-w by INR 10,000/t ($115/t) to INR 1,100,000/t ($12,631/t) exw-Raipur. Ferro vanadium prices have risen marginally due to cost pressure. However, production cuts are increasing, and downstream demand remains weak, resulting in moderate buying interest. Limited steel mill bidding and the lack of market confidence continue to suppress price momentum.
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