Indian ferro vanadium (FeV 50%) prices dipped by INR 9,400/t ($110/t) w-o-w to INR 1,069,000/t ($12,486/t) ex-Raipur. The drop was driven by ample inventories with smelters and muted demand from special steel manufacturers. Conversely, Chinese vanadium (V: 50%) prices held steady at RMB 85,000/t ($11,773/t), supported by a well-balanced supply and demand environment.
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