Vanadium Consumption Analysis In January 2021 to incomplete statistics, the production of V2O5 in January is about 10274 tons in vanadium market, including 9390 tons of V2O5 fake, 884 tons of  V2O5 powder; 3620 tons of ferrovanadium and 5714 tons of vanadium-nitrogen alloy were produced.

Product Conversion rate Output(Ton) Converted consumption
FeV50→V2O5 flake




FeV80→V2O5 flake




VN→V2O5 flake




According to the figure, the output of ferrovanadium50 is 2570 tons, and the output of ferrovanadium80 is about 1050 tons, which are converted into V2O5 flake consumption should be around 4037.5 tons. The consumption of V2O5 flake for 5714 tons of VN alloy is about 8091 tons. So the total V2O5 flake consumption for ferrovanadium and VN alloy production is about 12128.5 tons(convert into V2O5 flake). Suppose that the exporting volume in January is around 1000 tons(convert into V2O5 flake) and the arrivals amount of imported V2O5 flake, ferrovanadium50 and ferrovanadium80 in January is about 1100 tons(convert into V2O5 flake). In conclusion, the total market supply of V2O5 is about 11,374 tons which does not include the domestic production and imported volume of ammonium metavanadate, and the total consumption is about 13,128.5 tons, so the overall supply and demand of vanadium products in January is relatively balanced, and the price is mainly stable.