Ferro-vanadium prices ticked up slightly in Europe on Wednesday May 7, on a marginal improvement in demand.
5月7日周三，由于市场需求出现小幅提高，欧洲钒铁价格略有上调。
5月7日周三，由于市场需求出现小幅提高，欧洲钒铁价格略有上调。
Opinions were mixed on how dramatic the move upwards has been as some suggested prices are edging closer to $28 per kg, while others stated they are still below $27 per kg.
产品价格攀升至一定高位，商家后市分歧较大。部分商家认为后期价格有望向28美元/千克的水平靠近；也有参与者表示，钒铁价格或继续维持在27美元/千克以下的水平。所以，业内商家对于后市行情该如何运行意见不一。
Metal Bulletin's price moved up to $26.90-27.50 per kg in Europe, from $26.90-27.30 previously, with suggestions that there may be further rises in the coming days.
根据外盘报价显示，欧洲钒铁价格由之前的26.90-27.30美元/千克上移至26.9-27.5美元/千克。有参与者认为，接下来的数天内价格仍有望进一步提高。
"There is something popping underneath. The Chinese are not willingly putting down prices even though it's a bit quiet [there]," a distributor said.
“值得一提的是，尽管中国市场表现平静，但供货商不愿意下调产品价格”，消息人士称。
A producer added that there is some optimism and even enthusiasm in the market, suggesting demand is improving.
有生产商补充到，市场乐观心态和操作热情尚存，后市需求或有望提高。
"All our long-term customers are taking as much as they can. It's tight and we have no possibility of a surplus in May," he said.
“执行长期订单的客户都尽量多采购，现货供应偏紧，5月份暂无供应过剩的风险”，他说。
Market participants generally agreed, however, that the threat of sanctions imposed by the USA on Russia over the situation in Ukraine is unlikely to have a direct impact on prices.
市场参与者普遍认为，虽然乌克兰局势急转，且西方国家对俄罗斯实行制裁，但不会对钒产品价格产生直接影响。
Vanadium is not considered a strategic material - or at least less so than titanium - according to market participants, meaning sanctions are not likely to be imposed on it for some time to come.
根据市场参与者所述，钒资源不是战略资源，其重要性甚至不及钛资源。所以，美国对俄罗斯的经济制裁不太可能牵涉到钒行业。
"The US is not likely to want to put sanctions on it… for a long time. Titanium [on the other hand] has military applications [making it a more likely target]," a trader said.
“钒资源不太可能成为美国长期制裁俄罗斯制裁的内容之一。从另一方面来说，钛在军事领域的应用，使其更可能成为目标” ,一位商家表示。
The main risk now is of a shift in sentiment, as fear among buyers could cause them to change their approach to the spot market, although this has not happened yet.
尽管这种情况不会发生，但买家的担忧情绪可能使他们改变在现货市场中的操作策略，所以，这种情绪应该得到转变。
"Sentiment can shift these markets a long way. If enough people are thinking the same thing, it could happen," the trader said.
“担忧情绪可能影响市场很长时间，如果大家都对此事所有顾虑，该种情况发生的可能性机会很大”，上位商家说。
"We can still buy from China, duty unpaid, at [about $26], though. We don't see any change [in sentiment] and demand is steady," he added.
“我们仍然可以从中国购买到货源,不含税价格在26美元/千克。我们没有看到大家情绪有任何改变，需求依旧稳定”。
（原文翻译自英国《金属导报》，如有疑问请参照原文为主）