Vanadium Consumption Analysis in April 2019 According to incomplete statistics from ferroalloynet, the output of vanadium pentoxide in vanadium market in April 2019 was about 8,090 tons, including 7,380 tons of vanadium pentoxide flakes and 720 tons of vanadium pentoxide powder. Ferrovanadium output was 3,720 tons, while vanadium-nitrogen output was 2,680 tons.

3,720 tons of ferrovanadium (about 1,160 tons of ferrovanadium 80#) should consume 3,966 tons of V2O5 flake, and 2,860 tons of vanadium-nitrogen should consume 3,795 tons of V2O5, total need 7,761 tons of V2O5. In April, V2O5 export volume and the quantity of long-term orders totaled about 200 tons. Thus the total consumption of vanadium pentoxide should be 7,961 tons. The market was short of about 129 tons of V2O5. In addition, some ferrovanadium and vanadium nitrogen alloy factories use certain ammonium metavanadate to process raw materials by themselves, so the market surplus is more, and the vanadium market in April presents a state of oversupply.