www.ferroalloynet.com: According to incomplete statistics from ferroalloynet, the output of vanadium pentoxide in vanadium market in September 2019 was about 9,940 tons, including 9,110 tons of vanadium pentoxide flake and 830 tons of vanadium pentoxide powder. Ferrovanadium output was 3,780 tons, while vanadium-nitrogen output was 5,120 tons.

Serial number
Product
Conversion rate
Output
Converted output
1
V2O5 powder →VN
1:1/1.42
 —
0.00
2
V2O5 flake→VN
1:1/1.42
 —
0.00
3
V2O5 flake→Ferrovanadium
1:1
 —
0.00
4
50#ferrovanadium→V2O5 flake
1:1
2700
2700
5
80#ferrovanadium→V2O5 flake
1.6:1
1080
1728
6
VN→V2O5 flake
1:1.416
5375
7611

According to the figure, 3,780 tons of ferrovanadium (about 1080 tons of ferrovanadium 80#) should consume 4,425 tons of V2O5 flake, and 5,120 tons of vanadium-nitrogen should consume 7,250 tons of V2O5, total need 11,675 tons of V2O5. In September, V2O5 export volume and the quantity of long-term orders totaled about 400 tons. Thus the total consumption of vanadium pentoxide should be 11,875 tons, 200 tons of V2O5 flake have arrived at the port in the import market. Market gap is about 1925 tons of V2O5.

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