BEIJING (Asian Metal) 23 Mar 20 – According to statistics from Asian Metal Database, Chinese vanadium pentoxide flake producers’ inventory to production ratio reached 33.52% in February 2020, up by 3.9% compared with 32.27% in January 2020 and up by 8.7 times compared with 3.44% in February 2019.
Chinese vanadium pentoxide flake producers’ inventory to production ratio by month from Feb 2019 to Feb 2020 (%)
According to the following graph, in February, the inventory to production ratio of vanadium pentoxide flake producers in Liaoning, Hebei, Shaanxi, Hunan, Sichuan and Heilongjiang was 40%, 44.76%, 76.19%, 30%, 22.75% and 84.31% respectively. In particular, the figures in Liaoning and Hunan suffered declines MOM while the figures in Hebei, Shaanxi, Sichuan and Heilongjiang saw increases MOM.
Chinese vanadium pentoxide flake producers’ monthly inventory to production ratio by province from Feb 2019 to Feb 2020 (%)
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