India: Noble alloy prices remain stable

摘要

Ferro-molybdenum prices remained flat on muted demand and stable oxide prices, while ferro-vanadium prices were unchanged on sluggish demand. Prices for 60pc material were assessed stable at Rs1,050- 1,070/kg ex-works today on steady but limited demand from steel mills and stable raw material costs. But market partici- pants expect restocking demand and tighter oxide supply to lend support to the alloy market in the near-term.