Monthly Vanadium Market Report Apr 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Exchange rate of U.Asian Metal Copyright1.Asian Metal CopyrightS. dollar against Chinese Yuan in April 2024 increases by 213 basis points MoM 3
2.2 CISA: Major steel mills' daily steel product output hits 2.05Mt in mid-Apr 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 Copyright Producers Statistics 5 5.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 80%min FOB China 4
3.2.2 Vanadium pentoxide flake 98%min in port China 4
3.3 International Market 4
3.3.1 Ferrovanadium 80%min in warehouse Rotterdam 4
3.3.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 5
3.3.3 Ferrovanadium 80%min in warehouse Pittsburgh 5
3.3.4 Ferrovanadium 50%min in warehouse Russia 5
4. Company News 5
4.1 Essel Mining & Industries to reduce ferrovanadium output 5
4.2 Huantai Zhuofan to build vanadium pentoxide production line 5
4.3 Chengde Xiangfan to build 5ktpa vanadium pentoxide project 5
5. Producers Statistics 5
5.1 Vanadium pentoxide flake 5
5.1.Asian Metal Copyright39% MoM 7 5.Asian Metal Copyright1 AM Stats: Chinese vanadium pentoxide flake producers' operating rate in April 2024 up by 1.79% MoM 5
5.1.2 AM Stats: Chinese vanadium pentoxide flake producers' output in April level off MoM 6
5.1.Asian Metal Copyright2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 5 3.Asian Metal Copyright3 AM Stats: Chinese vanadium pentoxide flake producers' inventory in April 2024 up by 33.88% MoM 6
5.2 Vanadium pentoxide powder 7
5.2.Asian Metal Copyright1.Asian Metal Copyright1 AM Stats: Chinese vanadium pentoxide powder producers' operating rate in April 2024 up by 31.39% MoM 7
5.2.Asian Metal Copyright2.Asian Metal Copyright2 AM Stats: Chinese vanadium pentoxide powder producers' output in April 2024 up by 23.19% MoM 7
5.2.Asian Metal Copyright75% MoM 8 5.Asian Metal Copyright3 AM Stats: Chinese vanadium pentoxide powder producers' inventory in April 2024 down by 8.97% MoM 7
5.3 Ammonium metavanadate 8
5.3.Asian Metal Copyright3.Asian Metal Copyright1 AM Stats: Chinese ammonium metavanadate producers' operating rate in April 2024 up by 11.75% MoM 8
5.3.Asian Metal Copyright19% MoM 7 5.Asian Metal Copyright2 AM Stats: Chinese ammonium metavanadate producers' output in April 2024 up by 9.24% MoM 8
5.3.Asian Metal Copyright3 Ferrovanadium 80%min in warehouse Pittsburgh 5 3.Asian Metal Copyright3 AM Stats: Chinese ammonium metavanadate producers' inventory in April 2024 up by 11.57% MoM 8
5.4 Ferrovanadium 9
5.4.Asian Metal Copyright1 Vanadium pentoxide flake 5 5.Asian Metal Copyright1 AM Stats: Chinese ferrovanadium producers' operating rate in April 2024 up by 3.02% MoM 9
5.4.Asian Metal Copyright2 Huantai Zhuofan to build vanadium pentoxide production line 5 4.Asian Metal Copyright2 AM Stats: Chinese ferrovanadium producers' output in April 2024 rises by 3.02% MoM 9
5.4.Asian Metal Copyright11 Vanadium pentoxide flake 92%min CIF China 13 7.Asian Metal Copyright3 AM Stats: Chinese ferrovanadium producers' inventory in April 2024 drop by 66.10% MoM 10
5.5 Vanadium nitride 10
5.5.Asian Metal Copyright5 Vanadium pentoxide flake 98%min EXW China 4 3.Asian Metal Copyright1 AM Stats: Chinese vanadium nitride producers' operating rate in April 2024 up by 4.14% MoM 10
5.5.Asian Metal Copyright4 Ferrovanadium 50%min in warehouse Russia 5 4.Asian Metal Copyright2 AM Stats: Chinese vanadium nitride producers' output in April 2024 up by 4.79% MoM 10
5.5.Asian Metal Copyright17% 11 6.Asian Metal Copyright3 AM Stats: Chinese vanadium nitride producers' inventory in April 2024 climbs by 74.09% MoM 11
6. Import and Export Statistics 11
6.1 China's vanadium pentoxide import volume in February 2024 declines by 73.17% 11
6.2 China's vanadium pentoxide export volume in March 2024 down by -2.07% MoM 12
6.3 China's wrought vanadium nitride export volume in February 2024 climbs by 32.80% MoM 12
7 Market Outlook for Next Month 12
7.1 Ammonium metavanadate 98%min EXW China 12
7.2 Vanadium pentoxide powder 98%min EXW China 12
7.3 Vanadium pentoxide powder 99%min EXW China 12
7.4 Vanadium pentoxide powder 99.5%min EXW China 13
7.5 Vanadium pentoxide flake 98%min EXW China 13
7.6 Ferrovanadium 50%min delivered China 13
7.7 Vanadium nitride N14%min V 77%min delivered China 13
7.8 Ferrovanadium 50%min CIF China 13
7.9 Ferrovanadium 80%min FOB China 13
7.10 Ferrovanadium 50%min in port China 13
7.11 Vanadium pentoxide flake 92%min CIF China 13
7.12 Vanadium pentoxide flake 92%min in port China 13
7.13 Vanadium pentoxide flake 98%min CIF China 13
7.14 Vanadium pentoxide flake 98%min in port China 13
7.15 Ferrovanadium 80%min in warehouse Rotterdam 13
7.16 Vanadium pentoxide flake 98%min in warehouse Rotterdam 13
7.17 Ferrovanadium 80%min in warehouse Pittsburgh 13
7.18 Ferrovanadium 50%min in warehouse Russia 13

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