Prices of Indian ferro vanadium (FeV) have remained unchanged for three weeks. FeV 50% grade prices have stabilised at INR 11,80,000-12,00,000/t ex-works in key markets. Despite this stability, there has been a lack of purchase inquiries from buyers, and follow-ups on high-price transactions have been minimal. Both the supply and demand sides of the market seem to be adopting a cautious, wait-and-see approach.
