BEIJING (Asian Metal) 27 May 20 – According to statistics from Asian Metal Database, Chinese vanadium pentoxide powder producers’ inventory to production ratio reached 75.58% in April 2020, up by 9.5% compared with 69% in March 2020 and up by 1.8 times compared with 26.59% in April 2019.
04/2019-04/2020 Chinese vanadium pentoxide powder producers’ inventory to production ratio by month (%)
According to the following graph, in April, the inventory to production ratio of vanadium pentoxide powder producers in Hebei, Jiangxi, Hunan and Hubei was 58.33%, 88.89%, 145.45% and 321.43% respectively. In particular, the figure in Jiangxi suffered a decline MOM while the figure in Hubei saw an increase MOM, but the figure in Hebei remained unchanged MOM.
04/2019-04/2020 Chinese vanadium pentoxide powder producers’ monthly inventory to production ratio by province (%)
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