India: Ferro vanadium prices remain steady on muted market moves

Ferro vanadium (FeV 50%) prices eased INR 1,000/t ($11/t) w-o-w to INR 1,130,000/t ($12,559/t) ex-Raipur on 9 December, amid muted market activity. Trading sentiment remained subdued as domestic buyers exercised caution, while soft demand from China further restrained price momentum. With limited fresh enquiries and tepid downstream interest, the market is expected to maintain a steady-to-cautious trajectory in the near term.


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