Tag: Indian ferro vanadium prices rangebound

Indian ferro vanadium prices remained stable due to weak demand, with FeV 50% prices at 1,150,000-1,235,000/t ($13,800-$14,820/t) ex-works (50% prorate). Despite lacklustre demand, prices have not declined due to increased raw material costs. Better price clarity is expected after market activities resume at usual pace post declaration of election results.