Metal Bulletin's quotation ticked up to $24.70-25.60 per kg on Friday, from $24.60-25.30 on Wednesday, and most market participants expect further rises in the next few days.
外盤報價顯示，周五歐洲釩鐵價格自周三的24.60-25.30美元/千克上漲至24.70-25.60美元/千克。并且，大多數市場參與者認為后期價格仍將繼續拉漲。
There are also continuing indications that a two tier market may be developing, as consumers are able to buy at consistently lower prices, while traders appear to be buying material at the top end of the quotation, and very little business has been concluded in the middle of the range.
有各種跡象表明，歐洲釩鐵市場正發生雙重變化。一方面，下游商家依舊能夠購買到低價貨源；另一方面，中間商以高價從市場充收購原料，但在報價區間范圍內幾乎沒有實質性的成交達成。
"It's looking strong - the demand is there and we don't see it coming off. " a trader said.
"Traders are thinking the market is going up and they're covering their short positions… When they realise they've bought too much, it will come down, but [right now], ferro-vanadium is substantially undervalued," he added.
“商家考慮提高產品售價，他們紛紛開始補倉。當他們意識到他們已經買了太多貨源，產品價格可能或走低。但現在釩鐵價格被嚴重低估”，他補充道。
There is also a possible shortage of material, according to the trader, as producers are out of the market, which could also help to support prices, although consumer business is rare.
"There's no consumer business any more, but traders are definitely trying to find material," a producer said. "There's definitely not much left below $25 [per kg], but there's not much above $25.50 yet. We don't have much to sell for August, though."
The sanctions on Russia, arising from its involvement in the unrest in Ukraine, have affected sentiment for the most part, a second trader said, adding that he believes it is unlikely the country will cease exports - and even if it does, other supply is available.
"I'm continuing to keep an eye on Russia for ferro-titanium but less for ferro-vanadium. For ferro-vanadium, there's South Africa and China. I think China has more of an influence," he said.
“我繼續密切關注俄羅斯釩鐵行情的動態，但是沒有太多的變化。南非和中國都可以供應釩鐵產品，但我認為中國對歐洲市場的影響更大”，他說。
Chinese offer prices have reportedly been rising, which is likely to have a knock-on effect on the European price in coming weeks.
中國提供的釩鐵產品價格已經上調，在未來幾周歐洲市場釩品價格可能會產生連鎖反應。
（原文翻譯自英國《金屬導報》，如有疑問請參照原文為主）