16th V Products Summit & V Battery Development Forum 2023 FerroAlloyNet 16th Vanadium Products Summit & Vanadium Battery Development Forum
Date: 6-8 December, 2023
Venue: Wanda Realm Neijiang, Sichuan, China
Excerpt
Looking back on the first half of the year, as the economy and society have fully resumed normal operation and macro policies have been effective, the national economy has recovered and developed steadily with high quality. However, as far as the steel industry is concerned, the recovery of downstream demand is not as good as expected, and the steel price fluctuates at a low level. Rebar has experienced a rise under the expectation of policy easing and a decline after actual consumption is lower than expected. Since the second quarter, the production reduction of rebar has gradually increased, and the demand for vanadium-nitrogen alloys has decreased. This year, the output of vanadium slag has increased, and imported vanadium products have increased significantly year-on-year. Coupled with the limited development of vanadium batteries, the focus topic of last year, the contradiction between supply and demand in the vanadium market became prominent, and the price of vanadium fluctuated and fell.
Looking forward to the second half of the year, the relevant policies of "stabilizing real estate + expanding infrastructure" may still be introduced. With the support of the policy, the real estate is not expected to be worse, but the recovery is still slow. Local government debt pressure is high, so infrastructure performance is expected to be lower than last year. Although steel exports are resilient, they are still facing a decline from high levels. It is expected that the trend of steel prices in the second half of the year may be better than that in the first half of the year. The production enthusiasm of steel mills is expected to increase, and the demand for vanadium may improve.
To this end, FerroAlloyNet, together with The People's Government of Neijiang Municipality and Sichuan Vanadium Titanium Iron and Steel Industry Association, will hold the 2023 FerroAlloyNet 16TH Vanadium Products Summit & Vanadium Battery Development Forum with the purpose of "industrial collaboration, win-win cooperation", striving to promote the high-quality development of the vanadium industry, jointly looking forward to the recovery of the global economy in 2024, the trend of rebar and the follow-up development of vanadium batteries, and discussing new breakthroughs in the vanadium industry….