Ferro-vanadium prices slipped in Europe on Wednesday September 17, as market participants reported a depressed market.
參與者稱，歐洲市場相對蕭條，8月17日釩鐵產品價格滑落。
Metal Bulletin's quotation dropped to $25.20-25.90 per kg on Wednesday, down 20 cents on the bottom end, and some suggested prices could slide as low as $25 per kg.
根據報價顯示，周三釩鐵價格下跌至25.20-25.90美元/千克，區間低位下調20美分，有跡象表明后期產品價格仍有望下跌至25美元/千克。
Prices have failed to see a turnaround following the traditionally quiet summer period, and one trader even suggested some orders are being reconsidered.
傳統夏季淡季之后，釩品價格沒有見好轉。有商家甚至認為，部分訂單將被重新考慮，可能面臨流產的風險。
"I made an offer at [a low price] and [the buyer] tried to push it down [even further]," a second trader said.
“我主動以低價對外出貨，但買家壓價過于嚴重”，第二位商家說。
However, there is some suggestion that prices could soon take a very different direction, as supply may be coming out of Europe to go to Russia.
然而，由于釩品供應可能流向歐洲之外的俄羅斯市場，有跡象表明產品價格可能朝著不一樣的方向運行，
"We're seeing a lot more demand from Russia. It's basically taking out [a large] tonnage from the spot market," a seller said.
"[Some companies] won't have a lot to offer, if anything. It's probably partly to do with the geopolitical situation but maybe less so [than people think]."
“值得一提的是，部分廠家沒有那么多的貨源可以供應。可能跟地緣政治形勢有很大關系，只不過不及人們現象的那么明顯”。
He added that he believes supplies to Ukraine have not been disrupted, although there have been issues at steel plants there.
他補充說，他相信對烏克蘭的釩品供應沒有中斷，盡管鋼廠運行存在很大問題。
"A lot of them are having disruption to their supply chains for things like coal and coke and other products," he said.
The real driver, according to the seller, is an increase in infrastructure projects in Russia, such as railway construction.
根據賣家所述，真正的驅動力是俄羅斯基建的增長，比如鐵路建設。
"We're seeing unusually high demand for ferro-vanadium from the Russian market. It's a combination of things. A lot of these are governmental projects, so steel mills are obliged to provide steel for them," he added.
“我們看到俄羅斯市場對釩鐵的需求非常高。這是多重因素共同形成的。其中有所許多是政府項目。因此，鋼廠有義務為他們提供鋼鐵產品”，他補充道。
The US market also continues to be strong, and reports have already emerged of higher prices in sout
美國市場也持續強勁，有報道顯示美國釩市出現較高的成交價格。