Vanadium Consumption Analysis In Nov 2020 According to the incomplete statistics, the output of vanadium pentoxide in November was about 10,807 tons, including 10,114 tons of V2O5 flake and 693 tons of  V2O5 powder; The production of ferrovanadium and VN alloy were 3795 tons and 5270 tons, respectively.

Serial number Product Conversion rate Output Converted output
1 FeV50→V2O5 flake


2880 2736
2 FeV80→V2O5 flake


920 1390
3 VN→V2O5 flake


5270 7462

According to the figure, the output of ferrovanadium50 is 2880 tons, and output of ferrovanadium80 is about 915 tons, which is converted into V2O5 flake consumption should be around 4126 tons. The conversion of 5270 tons VN alloy into V2O5 flake is about 7462 tons. The consumption of ferrovanadium and VN alloy into V2O5 flake is about 11588 tons. Suppose the exporting volume in November is around 800 tons(converted into V2O5), and the arrival volume of imported V2O5 flake, ferrovanadium and VN alloys in November is around 800 tons(converted into V2O5), then the total market supply is about 11607 tons of vanadium pentoxide, and the total consumption is about 12388 tons. Among which, the total supply has not included the domestic ammonium metavanadate production and imports, therefore, the overall supply-demand relationship of vanadium products in November is still in oversupply. In November, domestic price was low, it is expected that the imported volume will decrease greatly compared with that of October. The terminal purchase enthusiasm is high, and raw material manufacturers are reluctant to sell at low prices, and vanadium price stopped falling and rebound.