Monthly Vanadium Market Report Mar 2024

Contents

1. Market Highlights 3
2. Economy and Policy 3
2.1 Exchange rate of U.Asian Metal Copyright14 Vanadium pentoxide flake 98%min in port China 15 8.Asian Metal CopyrightS. dollar against Chinese Yuan in February 2024 down by 759 basis points MoM 3
2.2 CISA: Major steel mills' daily steel product output records 1.97Mt in mid-Mar 3
3. Market Movements 3
3.1 Chinese market 3
3.1.1 Ammonium Metavanadate 98%min EXW China 3
3.1.2 Vanadium pentoxide powder 98%min EXW China 3
3.1.3 Vanadium pentoxide powder 99%min EXW China 3
3.1.Asian Metal Copyright5%min EXW China 14 8.Asian Metal Copyright4 Vanadium pentoxide powder 99.5%min EXW China 3
3.1.5 Vanadium pentoxide flake 98%min EXW China 4
3.1.6 Ferrovanadium 50%min delivered China 4
3.1.7 Vanadium nitride N14%min V77%min delivered China 4
3.2 Import Market 4
3.2.1 Ferrovanadium 50%min CIF China 4
3.2.2 Ferrovanadium 50%min in port China 4
3.2.3 Ferrovanadium 80%min FOB China 5
3.2.4 Vanadium pentoxide flake 92%min CIF China 5
3.2.5 Vanadium pentoxide flake 92%min in port China 5
3.2.6 Vanadium pentoxide flake 98%min CIF China 5
3.2.7 Vanadium pentoxide flake 98%min in port China 5
3.3 International Market 5
3.3.1 Ferrovanadium 80%min in warehouse Rotterdam 5
3.3.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 6
3.3.3 Ferrovanadium 80%min in warehouse Pittsburgh 6
3.3.4 Ferrovanadium 50%min in warehouse Russia 6
4. Company News 6
4.1 West Mine Vanadium Technology halts ammonium metavanadate production 6
4.2 U.Asian Metal Copyright1 AM Stats: Chinese vanadium pentoxide powder producers' operating rate in March 2024 declines by 10.Asian Metal CopyrightS. Vanadium to increase vanadium pentoxide output 6
4.3 Wuhu Renben resumes vanadium pentoxide powder output 6
4.4 Luofan Technology' ammonium metavanadate production capacity to increaset 6
4.5 Western Mining reports higher annual production of refined copper, lead and zinc 6
4.6 Huantai Green Vanadium secures mining license for Wuyishan vanadium mine 7
5. Producers Statistics 7
5.1 Vanadium pentoxide flake 7
5.1.Asian Metal CopyrightS.Asian Metal Copyright1 AM Stats: Chinese vanadium pentoxide flake producers' operating rate in March down by 8.5% MoM 7
5.1.Asian Metal Copyright2 China's vanadium pentoxide export volume in February 2024 declines by 65.Asian Metal Copyright2 AM Stats: Chinese vanadium pentoxide flake producers' output in March declines by 8.5% YoY 7
5.1.Asian Metal Copyright4.Asian Metal Copyright3 AM Stats: Chinese vanadium pentoxide flake producers' inventory in March 2024 up by 9.58% MoM 7
5.2 Vanadium pentoxide powder 8
5.2.Asian Metal Copyright3.Asian Metal Copyright1 AM Stats: Chinese vanadium pentoxide powder producers' operating rate in March 2024 declines by 10.42% MoM 8
5.2.Asian Metal Copyright26% MoM 9 5.Asian Metal Copyright2 AM Stats: Chinese vanadium pentoxide powder producers' output in March 2024 declines by 10.39% MoM in Jan 8
5.2.Asian Metal Copyright2.Asian Metal Copyright3 AM Stats: Chinese vanadium pentoxide powder producers' inventory in March 2024 up by 4.62% MoM 9
5.3 Ammonium metavanadate 9
5.3.Asian Metal Copyright1.Asian Metal Copyright1 AM Stats: Chinese ammonium metavanadate producers' operating rate in March 2024 up by 6.26% MoM 9
5.3.Asian Metal Copyright2 Vanadium pentoxide powder 8 5.Asian Metal Copyright2 AM Stats: Chinese ammonium metavanadate producers' output in March 2024 climbs by 6.25% YoY 9
5.3.Asian Metal Copyright23% MoM 11 5.Asian Metal Copyright3 AM Stats: Chinese ammonium metavanadate producers' inventory in March 2024 declines by 18.64% MoM 10
5.4 Ferrovanadium 10
5.4.Asian Metal Copyright26% MoM 9 5.Asian Metal Copyright1 AM Stats: Chinese ferrovanadium producers' operating rate in February 2024 down by 3.06% MoM 10
5.4.Asian Metal Copyright4.Asian Metal Copyright2 AM Stats: Chinese ferrovanadium producers' output in February 2023 down by 3.05% MoM 11
5.4.Asian Metal Copyright5 Vanadium pentoxide flake 98%min EXW China 4 3.Asian Metal Copyright3 AM Stats: Chinese ferrovanadium producers' inventory in March 2024 declines by 71.23% MoM 11
5.5 Vanadium nitride 12
5.5.Asian Metal Copyright7 Vanadium nitride N14%min V77%min delivered China 4 3.Asian Metal Copyright1 AM Stats: Chinese vanadium nitride producers' operating rate in February 2024 declines by 20.91% MoM 12
5.5.Asian Metal Copyright3 Vanadium pentoxide powder 99%min EXW China 14 8.Asian Metal Copyright2 AM Stats: Chinese vanadium nitride producers' output in February 2024 down by 20.91% MoM 12
5.5.Asian Metal Copyright18 Ferrovanadium 50%min in warehouse Russia 15 .Asian Metal Copyright3 AM Stats: Chinese vanadium nitride producers' inventory up by 7.69% MoM in Jan 12
6. Import and Export Statistics 13
6.1 China's vanadium pentoxide import volume in February 2024 declines by 73.17% 13
6.2 China's vanadium pentoxide export volume in February 2024 declines by 65.8% MoM 13
6.3 China's wrought vanadium nitride export volume in February 2024 climbs by 32.80% MoM 14
7. Relevant Industry News 14
7.1 Price trend for vanadium downstream products 14
8 Market Outlook for Next Month 14
8.1 Ammonium metavanadate 98%min EXW China 14
8.2 Vanadium pentoxide powder 98%min EXW China 14
8.3 Vanadium pentoxide powder 99%min EXW China 14
8.4 Vanadium pentoxide powder 99.5%min EXW China 14
8.5 Vanadium pentoxide flake 98%min EXW China 14
8.6 Ferrovanadium 50%min delivered China 15
8.7 Vanadium nitride N14%min V 77%min delivered China 15
8.8 Ferrovanadium 50%min CIF China 15
8.9 Ferrovanadium 80%min FOB China 15
8.10 Ferrovanadium 50%min in port China 15
8.11 Vanadium pentoxide flake 92%min CIF China 15
8.12 Vanadium pentoxide flake 92%min in port China 15
8.13 Vanadium pentoxide flake 98%min CIF China 15
8.14 Vanadium pentoxide flake 98%min in port China 15
8.15 Ferrovanadium 80%min in warehouse Rotterdam 15
8.16 Vanadium pentoxide flake 98%min in warehouse Rotterdam 15
8.17 Ferrovanadium 80%min in warehouse Pittsburgh 15
8.18 Ferrovanadium 50%min in warehouse Russia 15

.Asian Metal Copyright1 Ferrovanadium 80%min in warehouse Rotterdam 5 3Asian Metal Copyright