Vanadium Consumption Analysis In June 2023

www.ferroalloynet.com: According to the incomplete statistics on FerroAlloyNet, the output of vanadium pentoxide in the vanadium-based market in June was 11,935 tons, including 10,810 tons of V2O5 flake and 1,125 tons of V2O5 powder; 3,329 tons of ferrovanadium50 and 4,350 tons vanadium-nitrogen alloys.

According to the calculations in the figure, the total output of ferrovanadium50 is 3,329 tons, which is converted into a total consumption of 3162.55 tons of V2O5 flake, and the conversion of 4,350 tons of vanadium-nitrogen alloy into vanadium pentoxide is 6159.6 tons. The consumption of vanadium oxide by ferrovanadium and vanadium-nitrogen alloy is about 9322.15 tons. The export volume of vanadium pentoxide in the international market in June is estimated to be about 1,307 tons, and the volume of imported V2O5 flake, ferrovanadium50, and ferrovanadium80 to port is about 280 tons. To sum up, the total market supply of vanadium pentoxide is about 12,215 tons, and the total consumption is about 10,629.15 tons, of which the supply does not include domestic ammonium metavanadate production and imports of about 2,100 tons. From a theoretical point of view, the supply of vanadium products still exceeded demand, and the market is difficult to be improved.