Indian ferro vanadium (FeV 50%) prices rose this week by INR 7,700/t ($86/t) to INR 1,153,400/t ($12,830/t) ex-Raipur, supported by deals at higher price points and firm Chinese market sentiment. A 13 t deal confirmed done at INR 1,175,000/t reinforced bullish sentiment. Prices are expected to remain firm, with clear upside potential if Chinese demand strength persists and domestic special steel demand improves.
Leave a Reply