Vanadium Consumption Analysis In September 2021 According to incomplete statistics from this website, the output of vanadium pentoxide in the vanadium market in September was about 9,928 tons, including 9,085 tons of V2O5 flake and 843 tons of V2O5 powder; 3,370 tons of ferrovanadium and 3,584 tons of vanadium-nitrogen alloys.

According to the calculations in the figure, the output of ferrovanadium50 is 1850 tons, ferrovanadium80 is 950 tons, and the total consumption should be about 3201.5 tons which are converted into V2O5 flake, and the total consumption of 3584 tons of vanadium-nitrogen alloy is about 5074.9 tons of V2O5. The consumption of vanadium oxide by ferrovanadium and vanadium-nitrogen alloy is about 8276.4 tons. The export volume in the international market in September is estimated to be about 900 tons of V2O5, and the volume of imported V2O5 flake,ferrovanadium50, and ferrovanadium80 in September is expected to be about 300 tons. In summary, the total supply of vanadium pentoxide in the market is about 10,228 tons, and the total consumption is about 9176.4 tons. The supply does not include about 1,200 tons of domestic ammonium metavanadate production and imports. From a theoretical point of view, the total supply of the market is greater than the consumption. Demand from steel mills continued to be sluggish in September, and there is no sign of improvement. The upstream vanadium raw material production is relatively stable, with a slight decrease but little impact. Therefore, the contradiction between supply and demand in the vanadium market has intensified, and the price of vanadium is difficult to stop.
Product Conversion Rate Output(Ton) Converted Consumption(Ton)
FeV50→V2O5 flake 01:01.0 1,850 1,758
FeV80→V2O5 flake 01:01.5 950 1,444
VN→V2O5 flake 01:01.4 3,584 5,075