Tag: India: Ferro vanadium prices dip w-o-w amid soften demand

Indian ferro vanadium (FeV 50%) prices dipped by INR 10,000/t ($117/t) w-o-w to INR 1,083,000/t ($12,634/t) ex-Raipur, driven by sluggish demand from the special steels sector. While monsoon-related delays in transporting vanadium pentoxide feedstock slightly constrained supply, they did not offset the sharp drop in consumption. Buyers stayed cautious, and inventories remained high, making weak…