Indian ferro vanadium (FeV 50%) prices remained firm w-o-w at INR 1,074,000/t ($12,538/t) exw-Raipur. The market was balanced, with stable production and minimal overcapacity. Price adjustments were limited due to market elasticity and environmental concerns. Additionally, China’s vanadium pentoxide prices remained unchanged w-o-w at RMB 85,000/t ($11,567/t) amid steady demand, suggesting that Indian production operations might be smooth in the short term.
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