www.ferroalloynet.com:According to FerroAlloyNet, the production of V2O5 in April is about 10175 tons in Chinese vanadium market, including 9543 tons of V2O5 fake, 632 tons of V2O5 powder. The production of ferrovanadium is 3580 tons and yield of VN alloy is 6229 tons.

Product	Conversion Rate	Output(Ton)	Converted Consumption(Ton)
FeV50→V2O5 flake	1:0.95	2420	2299
FeV80→V2O5 flake	1:1.52	1160	1763.2
VN→V2O5 flake	1:1.416	6229	8820.3

According to the figure, the output of ferrovanadium50 is 2420 tons, and the output of ferrovanadium80 is about 1160 tons, the total consumption should be around 4062.2 tons which are converted into V2O5 flake. The consumption of V2O5 flake for 6229 tons of VN alloy is about 8820.3 tons. And the total V2O5 flake consumption for ferrovanadium and VN alloy production is about 12882.5 tons. Suppose that the exporting volume in April is around 800 tons (convert into V2O5 flake) and the arrivals amount of imported V2O5 flake, ferrovanadium50 and ferrovanadium80 in April is about 350 tons(convert into V2O5 flake). In conclusion, the total market supply of V2O5 is about 10525 tons which does not include the domestic production and imported volume of ammonium metavanadate, and the total consumption is about 13682.58 tons. Therefore, raw material supply and alloy factory demand should be relatively stable, and VN alloy is overcapacity, and V2O5 flake is still tight, and large V2O5 flake factory increase long-term order price in May. Due to the strong support of the cost, V2O5 flake climbed slightly.

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