Indian ferro vanadium (FeV 50%) prices increased by INR 15,000/t ($175/t) w-o-w to INR 1,084,000/t ($12,650/t) ex-Raipur, driven by rising vanadium pentoxide costs. Despite stable demand, sellers were compelled to raise offers due to input cost pressures. Conversely, Chinese vanadium (V: 50%) prices edged down by RMB 1,000/t ($139/t) to RMB 84,000/t ($11,660/t) amid market oversupply concerns.
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