Indian ferro vanadium (FeV) prices increased by INR 33,000/t ($393/t) w-o-w due to improved global demand. FeV 50% prices reached INR 1,155,000/t ($13,759/t) exw-Raipur (50% prorate). Higher prices drew less attention from buyers, with only a few trades finalised at the elevated offers. Domestic FeV prices are expected to remain stable in the near term, reflecting market cautiousness amidst the ongoing demand recovery in global markets.
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