www.ferroalloynet.com: According to FerroAlloyNet, the production of V2O5 in March is about 10461 tons in Chinese vanadium market, including 9660 tons of V2O5 fake, 801 tons of V2O5 powder. The production of ferrovanadium is 3380 tons and yield of vanadium-nitrogen alloy is 6015 tons.
|
Product |
Conversion Rate |
Output(Ton) |
Converted Consumption(Ton) |
|
FeV50→V2O5 flake |
1:0.95 |
2610 |
3967.2 |
|
FeV80→V2O5 flake |
1:1.52 |
770 |
1170.4 |
|
VN→V2O5 flake |
1:1.416 |
6015 |
8517.2 |
According to the figure, the output of ferrovanadium 50 is 2610 tons, and the output of ferrovanadium 80 is about 770 tons, the total consumption should be around 5137.6 tons which are converted into V2O5 flake. The consumption of V2O5 flake for 6015 tons of VN alloy is about 8517.2 tons. And the total V2O5 flake consumption for ferrovanadium and VN alloy production is about 13654.8 tons. Suppose that the exporting volume in March is around 700 tons (convert into V2O5 flake) and the arrivals amount of imported V2O5 flake, ferrovanadium 50 and ferrovanadium 80 in March is about 200 tons(convert into V2O5 flake). In conclusion, the total market supply of V2O5 is about 10661 tons which does not include the domestic production and imported volume of ammonium metavanadate, and the total consumption is about 14354.8 tons, so the overall supply is a bit tight. Though the demands are not strong and deal price are low, the overall purchasing for vanadium feedstock from VN alloy is still relatively passive.
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