BEIJING (Asian Metal) 24 Dec 19 – According to statistics from Asian Metal Database, Chinese vanadium nitride producers’ inventory to production ratio reached 41.96% in November 2019, up by 16.8% compared with 35.92% in October 2019 and up by 41.0 times compared with 1% in November 2018.
Chinese vanadium nitride 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 vanadium nitride producers in Jiangsu, Jiangxi, Shaanxi, Hubei, Sichuan, Henan, Xinjiang and Fujian was 50%, 50%, 36.94%, 51.25%, 38.33%, 47.62%, 33.33% and 42.86% respectively. In particular, the figure in Fujian suffered a decline MOM while the figures in Jiangxi, Shaanxi, Hubei, Sichuan, Henan and Xinjiang saw increases MOM, but the figure in Jiangsu remained unchanged MOM.
Chinese vanadium nitride producers’ monthly inventory to production ratio by province from Nov 2018 to Nov 2019 (%)
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