Vanadium Consumption Analysis In Oct 2020 According to the incomplete statistics, the production of vanadium pentoxide in the vanadium market in October was about 10,843 tons, including 10,200 tons of V2O5 flake and 643 tons of V2O5 powder; The production of ferrovanadium and VN alloy is 3540 tons and 5175 tons respectively.

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


2620 2489
2 FeV80→V2O5 flake


920 1398
3 VN→V2O5 flake


5175 7328

According to the calculation in the figure, the output of ferrovanadium50 is 2620 tons, and the output of ferrovanadium80 is about 920 tons. The total consumption of V2O5 flake should be about 3887 tons. The conversion of 5175 tons VN alloy into vanadium pentoxide is 7328 tons. The consumption of ferrovanadium and VN alloy into vanadium oxide is about 11215 tons. In October,the export order in the international market is expected to be about 700 tons, and the arrival volume of imported V2O5 flake, ferrovanadium and VN alloys in Oct is around 1000 tons(converted into V2O5), and the total market supply is about 11843 tons of vanadium pentoxide, and the total consumption is about 11915 tons. Among which, the supply has not included the domestic ammonium metavanadate production and imports, so in October, vanadium market is still in oversupply, and in the later stage, domestic production reduction may cause the price of vanadium gradually stabilize.