Indian Ferrovanadium Prices Drop

BEIJING (Asian Metal) 18 Sep 23 – Due to the soft demand and dropping import prices, Indian ferrovanadium 50%min market mentality stayed negative during the past week. Currently, the mainstream prices of Indian ferrovanadium 50%min stand at INR1,220-1,250/kg Delivered D/P, down by INR40/kg from early last week. Considering that most buyers prefer to watch the market and the negative market mentality continues, insiders expect that the mainstream prices of Indian ferrovanadium 50%min would move down further in the coming week.

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