Ferro vanadium (FeV 50%) prices in India saw a slight decline of INR 3,000/t ($34/t) w-o-w to settle at INR 1,132,000/t ($12,683/t) ex-Raipur. The marginal dip stemmed from subdued domestic demand from special steel producers who are delaying bookings amid sufficient inventories and cautious procurement ahead of anticipated production adjustments. Prices may remain stable but soften slightly on weak demand.
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