Vanadium Consumption Analysis In November 2021 According to incomplete statistics from this website, the output of vanadium pentoxide in the vanadium market in November was about 9,023 tons, including 8,178 tons of V2O5 flake and 845 tons of V2O5 powder; The total output of ferrovanadium is 3,907 tons, and the output of vanadium-nitrogen alloy is 4,667 tons.

Product Conversion Rate Output(Ton) Converted Consumption(Ton)
FeV50→V2O5 flake 1:0.95 2515 2389.3
FeV80→V2O5 flake 1:1.52 870 1322.4
VN→V2O5 flake 1:1.416 4667 6608.5

According to the calculations in the figure, the output of ferrovanadium50 is 2,515 tons, ferrovanadium80 is 870 tons, and the total consumption should be about 3711.7 tons which are converted into V2O5 flake, and the total consumption of 4667 tons of vanadium-nitrogen alloy is about 6608.5 tons of V2O5, the consumption of vanadium oxide by ferrovanadium and vanadium-nitrogen alloy is about 10320.2 tons, the export volume in the international market in November is estimated to be about 1300 tons of V2O5, and the volume of imported V2O5 flake,ferrovanadium50, and ferrovanadium80 in November is expected to be about 150 tons. In summary, the total supply of vanadium pentoxide in the market is about 9,173 tons, and the total consumption is about 11620.2 tons. The supply does not include about 1,160 tons of domestic ammonium metavanadate production and imports. From a theoretical point of view, the total supply of the market is smaller than the consumption, the source is tight.