In Jan-Dec, China’s monthly average inventory to production ratio of vanadium nitride producers was 56.59%, 45.09% in the same period last year, up 26.00% YoY.
In Dec, China’s inventory to production ratio of active vanadium nitride producers was 49.77%, up 14.97% YoY and down 3.40% MoM.
In Dec, the top three provinces by inventory to production ratio of vanadium nitride producers were Shaanxi, Jiangxi and Hubei. In Dec, the inventory to production ratio in Shaanxi was 58.00%, 58.00% in the previous month and 39.51% in the same month last year. The inventory to production ratio in Jiangxi was 56.25%, 56.25% in the previous month and 25.00% in the same month last year. The inventory to production ratio in Hubei was 4.55%, 5.36% in the previous month and 65.22% in the same month last year.
