The price of Indian ferrovanadium fell on a weekly basis

The price of Indian ferrovanadium (50% ferrovanadium) fell 47,000 rupees/ton (562 US dollars/ton) to 1.133 million rupees/ton (13,537 US dollars/ton) on a weekly basis. The manufacturer has lowered their quotation, but the scarcity of low-priced goods has limited inquiries and transactions at higher prices. The supply-demand stalemate has created a cautious atmosphere, and market participants are adopting a wait-and-see attitude. In the short term, it is expected that the price of ferrovanadium will fluctuate.