BEIJING (Asian Metal) 7 Jan 20 – According to statistics from Asian Metal Database, Chinese ferrovanadium producers’ inventory to production ratio reached 40% in November 2019, down by 1.4% compared with 40.58% in October 2019 but up by 3.1 times compared with 9.87% in November 2018.
Chinese ferrovanadium producers’ inventory to production ratio by month from Nov 2018 to Nov 2019 (%)
According to the following graph, in November, the inventory to production ratio of ferrovanadium producers in Hubei, Sichuan, Taiwan, Liaoning and Hebei was 80%, 20%, 54.55%, 58.24% and 75% respectively. In particular, the figures in Hubei, Taiwan and Liaoning suffered declines MOM while the figures in Sichuan and Hebei remained unchanged MOM.
Chinese ferrovanadium producers’ monthly inventory to production ratio by province from Nov 2018 to Nov 2019 (%)
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