Indian ferro vanadium (FeV 50%) prices were unchanged w-o-w at INR 1,074,000/t ($12,499/t) exw-Raipur. The price stability, seen over the past two weeks as well, is due to market stagnancy amid persistent subdued downstream demand. Additionally, vanadium pentoxide inventories were adequate, though shipments are yet to be received. However, market confidence remains weak, and ferro vanadium prices continue to face pressure.
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