Indian ferro vanadium (FeV 50%) prices increased slightly by INR 5,000/t ($55/t) w-o-w to INR 1,157,000/t ($12,791/t) ex-Raipur as of 4 Feb’26. Prices held largely steady, supported by elevated Chinese vanadium pentoxide costs and producers’ resistance to discounting, though buyers remained hesitant to accept higher quotes. Ferro vanadium prices are expected to face slight upward pressure next week as well.
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