Indian Ferrovanadium Prices Drop

BEIJING (Asian Metal) 8 Jul 22 РDue to the soft demand from terminal users, Indian ferrovanadium 50%min market mentality stayed negative during the past week. Currently, the mainstream prices of Indian ferrovanadium 50%min stand at INR1,420-1,450/kg (USD35.8-36.5/kg V) delivered D/P, down by INR30/kg (USD0.8/kg V) from late last week. Considering that the weak market mentality continues, insiders believe that the mainstream prices of Indian ferrovanadium 50%min would stay soft in the coming week.

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