Ferro vanadium (FeV 50%) prices eased INR 1,000/t ($11/t) w-o-w to INR 1,131,000/t ($12,632/t) ex-Raipur, driven by subdued procurement and cautious sentiment in the special steel sector. Softening Chinese vanadium pentoxide (V₂O₅) prices further reduced cost support. In the coming days, FeV prices are likely to remain range-bound, with a mild upside possible if domestic mills resume booking or if Chinese V₂O₅ prices strengthen.
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