BEIJING (Asian Metal) 15 Nov 19 – According to statistics from Asian Metal Database, Chinese vanadium pentoxide flake producers’ inventory to production ratio reached 20.1% in October 2019, up by 37.8% compared with 14.59% in September 2019 and up by 12.6 times compared with 1.48% in October 2018.
According to the following graph, in October, the inventory to production ratio of vanadium pentoxide flake producers in Jiangxi, Shaanxi, Hunan, Sichuan, Heilongjiang, Henan, Liaoning and Hebei was 25%, 36%, 45.45%, 12.91%, 40.74%, 31.82%, 36.84% and 24.22% respectively. In particular, the figure in Hunan suffered a decline MOM while the figures in Jiangxi, Shaanxi, Sichuan, Heilongjiang, Henan, Liaoning and Hebei saw increases MOM.
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