India: Ferro vanadium prices remain largely stable w-o-w on need-based buying

Indian ferro vanadium (FeV 50%) prices remained steady w-o-w at INR 1,100,000/t ($12,718/t) exw-Raipur, up slightly by INR 2,000/t ($23/t). Prices were stable, due to a cautious market, characterised by need-based purchases amid lacklustre downstream demand.