In Jan, China’s operating rate of active vanadium nitride producers was 49.49%, up 10.49% YoY and down 2.71% MoM.
In Jan, the top three provinces by operating rate of vanadium nitride producers were Shaanxi, Jiangxi and Hubei. In Jan, the operating rate in Shaanxi was 38.75%, 41.67% in the previous month and 34.79% in the same month last year. The operating rate in Jiangxi was 30.48%, 30.48% in the previous month and 22.86% in the same month last year. The operating rate in Hubei was 22.55%, 22.55% in the previous month and 19.62% in the same month last year.