Monthly Vanadium Market Report Feb 2024

1. Market Highlights 3
2. Economy and Policy 3
2.1 Exchange rate of U.Asian Metal Copyright3 AM Stats: Chinese ammonium metavanadate producers' inventory in February increases by 11.Asian Metal CopyrightS. dollar against Chinese Yuan in February 2024 declines by 759 basis points MoM 3
2.2 CISA: CISA: Major steel mills' daily steel product output rises to 2.07Mt in late Feb 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 Copyright1 Exchange rate of U.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 Liaoning Hongjing plans to resume vanadium pentoxide flake production 6
4.2 Ningbo Shuangneng to resume ammonium metavanadate production 6
4.3 Dechang Dongyuan halts vanadium pentoxide flake production 6
5. Producers Statistics 6
5.1 Vanadium pentoxide flake 6
5.1.Asian Metal Copyright2 Vanadium pentoxide powder 8 5.Asian Metal Copyright1 AM Stats: Chinese vanadium pentoxide flake producers' operating rate in February up by 8.23% MoM 6
5.1.Asian Metal Copyright5%min EXW China 3 3.Asian Metal Copyright2 AM Stats: Chinese vanadium pentoxide flake producers' output in February up by 8.25% YoY 7
5.1.Asian Metal Copyright5 Vanadium pentoxide flake 92%min in port China 5 3.Asian Metal Copyright3 AM Stats: Chinese vanadium pentoxide flake producers' inventory in February 2024 declines by 22.33% MoM 7
5.2 Vanadium pentoxide powder 8
5.2.Asian Metal Copyright3 AM Stats: Chinese vanadium pentoxide powder producers' inventory in February 2024 up by 4.Asian Metal Copyright1 AM Stats: Chinese vanadium pentoxide powder producers' operating rate in February 2024 declines by 10.49% MoM 8
5.2.Asian Metal Copyright1 Vanadium pentoxide flake 6 5.Asian Metal Copyright2 AM Stats: Chinese vanadium pentoxide powder producers' output in February 2024 down by 10.47% MoM in Jan 8
5.2.Asian Metal Copyright5%min EXW China 13 7.Asian Metal Copyright3 AM Stats: Chinese vanadium pentoxide powder producers' inventory in February 2024 up by 4.62% MoM 9
5.3 Ammonium metavanadate 9
5.3.Asian Metal Copyright9 Ferrovanadium 80%min FOB China 13 7.Asian Metal Copyright1 AM Stats: Chinese ammonium metavanadate producers' operating rate in February 2024 declines by 17.64% MoM 9
5.3.Asian Metal Copyright62% MoM 9 5.Asian Metal Copyright2 AM Stats: Chinese ammonium metavanadate producers' output down by 17.58% YoY in Jan 9
5.3.Asian Metal Copyright1 Exchange rate of U.Asian Metal Copyright3 AM Stats: Chinese ammonium metavanadate producers' inventory in February increases by 11.19% MoM 10
5.4 Ferrovanadium 10
5.4.Asian Metal Copyright18 Ferrovanadium 50%min in warehouse Russia 14.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% YoY in Jan 11
5.4.3 AM Stats: Chinese ferrovanadium producers' inventory in February 2024 unchanged MoM 11
5.5 Vanadium nitride 12
5.5.Asian Metal Copyright Market Outlook for Next Month 13 7.Asian Metal Copyright1 AM Stats: Chinese vanadium nitride producers' operating rate in February 2024 declines by 20.91% MoM 12
5.5.Asian Metal Copyright69% MoM in Jan 12 6.Asian Metal Copyright2 AM Stats: Chinese vanadium nitride producers' output in February 2024 down by 20.91% MoM 12
5.5.Asian Metal Copyright58% YoY in Jan 9 5.Asian Metal Copyright3 AM Stats: Chinese vanadium nitride producers' inventory up by 7.69% MoM in Jan 12
6. Relevant Industry News 13
6.1 Price trend for vanadium downstream products 13
7. Market Outlook for Next Month 13
7.1 Ammonium metavanadate 98%min EXW China 13
7.2 Vanadium pentoxide powder 98%min EXW China 13
7.3 Vanadium pentoxide powder 99%min EXW China 13
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 14
7.12 Vanadium pentoxide flake 92%min in port China 14
7.13 Vanadium pentoxide flake 98%min CIF China 14
7.14 Vanadium pentoxide flake 98%min in port China 14
7.15 Ferrovanadium 80%min in warehouse Rotterdam 14
7.16 Vanadium pentoxide flake 98%min in warehouse Rotterdam 14
7.17 Ferrovanadium 80%min in warehouse Pittsburgh 14
7.18 Ferrovanadium 50%min in warehouse Russia 14
.Asian Metal Copyright3 Ferrovanadium 80%min FOB China 5 3Asian Metal Copyright