- Higher deals lift prices despite cautious market sentiment
- China supply concerns temper expectations for further gains
Indian ferro vanadium (FeV 50%) prices edged up by INR 11,000/t ($115/t) w-o-w to INR 1,255,000/t ($13,077/t) on 16 September. Market participants reported deals at INR 1,270,000-1,290,000/t ($13,229-13,438/t) for around 6 t, indicating some higher-priced transactions in the market.
Higher-priced deals lend support to market assessments
The upward movement was largely linked to deals concluded at higher levels, which lifted market assessments despite limited momentum in broader buying activity. The availability of such transactions has provided short-term support to seller sentiment, although market participants remain cautious about the sustainability of the move. Buying interest has not strengthened enough to signal a broad-based rally, keeping the market balanced between firmer transaction levels and restrained underlying demand.
China supply outlook keeps buying sentiment measured
China remains an important factor for the ferro vanadium market, with Chinese vanadium product sentiment having remained relatively subdued despite expectations of a gradual recovery later in 2026. Recent market commentary points to still-low price levels and cautious steel demand, while a potential supply response from Chinese producers could limit the pace of any recovery.
Outlook
Indian Ferro vanadium sentiment is expected to remain cautiously firm, supported by higher-priced transactions, while limited buying interest and China’s supply outlook could cap further momentum.
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