Vanadium Consumption Analysis in May 2019 According to incomplete statistics from ferroalloynet, the output of vanadium pentoxide in vanadium market in May 2019 was about 8,065 tons, including 7,195 tons of vanadium pentoxide flake and 870 tons of vanadium pentoxide powder. Ferrovanadium output was 3,800 tons, while vanadium-nitrogen output was 3,310 tons.

3,800 tons of ferrovanadium (about 1,060 tons of ferrovanadium 80#) should consume 4,436 tons of V2O5 flake, and 3,310 tons of vanadium-nitrogen should consume 4,687 tons of V2O5, total need 9,123 tons of V2O5. In May, V2O5 export volume and the quantity of long-term orders totaled about 400 tons. Thus the total consumption of vanadium pentoxide should be 9,523 tons. The market was short of about 1,458 tons of V2O5. However, due to the market surplus in the first two months, the consumption of V2O5 by ferrovanadium, vanadium-nitrogen alloys is good in May, and raw materials are basically converted into alloy products, so the supply of raw material is tight.