India: Ferro vanadium prices remain stable on subdued trade
Ferro vanadium (FeV 50%) prices eased INR 1,000/t ($11/t) w-o-w to INR 1,131,000/t ($12,632/t) ex-Raipur, driven by subdued procurement and cautious sentiment in the special steel sector. Softening Chinese vanadium pentoxide (VO) prices further reduced cost support. In the coming days, FeV prices are likely to remain range-bound, with a mild upside possible if domestic mills resume booking or if Chinese VO prices strengthen.