Indian ferro vanadium (FeV 50%) prices rose by INR 6,000/t ($71/t) to INR 1,077,000/t ($12,673/t) ex-Raipur. Production remained steady despite high costs, with demand beginning to recover. Increased bidding from steel mills and rising inquiries indicate improving market activity, fostering cautious optimism. Meanwhile, Chinese vanadium pentoxide prices stayed stable at RMB 85,000/t ($11,693/t) due to consistent downstream demand.
Leave a Reply