Ferro-vanadium prices showed signs of regaining some of their lost strength in Europe on Wednesday November 6, as market
participants reported tightness of material and increased enquiries.
市场参与者透露，近日场内原料供应偏紧，而下游询盘有所增加，11月6日周三，欧洲钒铁市场释放出反弹的信号。
Metal Bulletin’s quotation rose to $24.30-24.80 per kg on Wednesday, after dropping to $24 per kg on the low end previously, amid suggestions prices could in fact be
heading for $23 per kg and below.
根据英国《金属导报》报价显示，前期价格下跌至24美元/千克之后（有商家透露，实际价格已经逼近23美元，甚至更低），本周三欧洲钒铁价格上涨至24.3-24.8美元/千克。
“Ferro-vanadium prices are absolutely increasing. I purchased on Monday and [a major German steel mill] has been in the market,” a
trader said.
“钒铁价格确实正在拉涨，周一我刚进场采购，并且一个德国大型钢厂也在积极买入”，贸易商说。
Some market participants have suggested prices could be heading towards $25 per kg and above in the short term, and small
quantities are already at this level.
有些市场参与者认为，短期钒铁价格有望向25美元/千克靠拢，甚至更高。事实上，场内部分散货成交价格已经实现了该水平。
“If you have a small purchase, you won’t find it below $25 per kg. There are more buyers than sellers,” a distributor said.
“如果你想买入少量钒铁，25美元/千克以下的价格很难寻得货源。场内供应少许多”，有消息人士称。
“Suddenly, stocks got a bit empty, and the Chinese are not interested in going down to lower levels,” he added.
“突然间，商家现货库存售空，但中国商家对低价价格暂无兴趣，故进口货源难弥补场内需求”，他补充到。
Producers have not sold much on a spot basis, the distributor said, and are likely to adjust their production into the year end,
while traders are looking to find material ahead of the expected price rise in January.
他说，当前生产商还未在此价格水平上出售太多库存，并且年底有望调整产量。在明年1月份预期价格上涨前，贸易商打算积极寻求货源，适时囤货补仓。
“Why it’s happening now exactly, I don’t know. It could have happened in three or four weeks’ time. If this is going to last or it’s
just for now, I can’t tell. It’s still on thin ice,” he said.
“当前行情走势仍难难以琢磨，并且可能要持续三四周。我不知道该种趋势能否持续或者当前能否维持，它仍然是如履薄冰”。
When the price moves, it tends to move significantly, he added, and could easily gain or lose as much as $2 in one go.
当价格波动时，其运行趋势较为明显。他补充说，并且极有可能在2美元上下的空间震荡。
“Because of the illiquidity of the market, people are always jumping in and out. It’s not easy to go short when consumers are
buying for next week,” the distributor said.
“由于市场现货流动性不足,人们总是在场内徘徊。当下周终端市场商家购买时，场内很容易售空”，经销商说。
participants reported tightness of material and increased enquiries.
市场参与者透露，近日场内原料供应偏紧，而下游询盘有所增加，11月6日周三，欧洲钒铁市场释放出反弹的信号。
Metal Bulletin’s quotation rose to $24.30-24.80 per kg on Wednesday, after dropping to $24 per kg on the low end previously, amid suggestions prices could in fact be
heading for $23 per kg and below.
根据英国《金属导报》报价显示，前期价格下跌至24美元/千克之后（有商家透露，实际价格已经逼近23美元，甚至更低），本周三欧洲钒铁价格上涨至24.3-24.8美元/千克。
“Ferro-vanadium prices are absolutely increasing. I purchased on Monday and [a major German steel mill] has been in the market,” a
trader said.
“钒铁价格确实正在拉涨，周一我刚进场采购，并且一个德国大型钢厂也在积极买入”，贸易商说。
Some market participants have suggested prices could be heading towards $25 per kg and above in the short term, and small
quantities are already at this level.
有些市场参与者认为，短期钒铁价格有望向25美元/千克靠拢，甚至更高。事实上，场内部分散货成交价格已经实现了该水平。
“If you have a small purchase, you won’t find it below $25 per kg. There are more buyers than sellers,” a distributor said.
“如果你想买入少量钒铁，25美元/千克以下的价格很难寻得货源。场内供应少许多”，有消息人士称。
“Suddenly, stocks got a bit empty, and the Chinese are not interested in going down to lower levels,” he added.
“突然间，商家现货库存售空，但中国商家对低价价格暂无兴趣，故进口货源难弥补场内需求”，他补充到。
Producers have not sold much on a spot basis, the distributor said, and are likely to adjust their production into the year end,
while traders are looking to find material ahead of the expected price rise in January.
他说，当前生产商还未在此价格水平上出售太多库存，并且年底有望调整产量。在明年1月份预期价格上涨前，贸易商打算积极寻求货源，适时囤货补仓。
“Why it’s happening now exactly, I don’t know. It could have happened in three or four weeks’ time. If this is going to last or it’s
just for now, I can’t tell. It’s still on thin ice,” he said.
“当前行情走势仍难难以琢磨，并且可能要持续三四周。我不知道该种趋势能否持续或者当前能否维持，它仍然是如履薄冰”。
When the price moves, it tends to move significantly, he added, and could easily gain or lose as much as $2 in one go.
当价格波动时，其运行趋势较为明显。他补充说，并且极有可能在2美元上下的空间震荡。
“Because of the illiquidity of the market, people are always jumping in and out. It’s not easy to go short when consumers are
buying for next week,” the distributor said.
“由于市场现货流动性不足,人们总是在场内徘徊。当下周终端市场商家购买时，场内很容易售空”，经销商说。