- Buyers expect further price drops, defer purchases
- Competitive Chinese prices keep buyers on sidelines
Indian ferro vanadium (FeV 50%) prices fell by INR 21,500/t w-o-w to INR 1,274,500/t ($13,424/t) on 2 September 2026. The decline was driven by limited buying interest and inventory pressure, with consumers restricting purchases amid expectations of further price corrections in the domestic and international markets.
Buyers defer purchases, expect further price corrections
Indian consumers largely restricted procurement to immediate production requirements, avoiding inventory accumulation at prevailing levels. With raw-material prices offering limited upside support and Chinese FeV prices remaining competitive, buyers preferred to stay on the sidelines and negotiate lower levels. This reduced spot-market liquidity and forced sellers to become more flexible to secure transactions.
Chinese ferro vanadium market remains under selling pressure
Chinese FeV 50% prices were assessed at RMB 81,000-83,000/t ($12,050-12,347/t), while transaction levels were reported at RMB 79,500-81,000/t ($11,826-12,050/t). The gap between assessed and transaction levels indicated continued price negotiation in the Chinese market, which influenced Indian buyers’ expectations and restricted willingness to build stocks.
Outlook
Ferro vanadium prices are likely to remain under pressure in the near term, as lower vanadium pentoxide prices, cautious procurement and competitive Chinese alloy indications continue to weigh on sentiment.
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