AM Stats: Chinese Ferrovanadium Producers’ Inventory to Production Ratio Down by 10.8% YOY in May

BEIJING (Asian Metal) 1 Jul 19 – According to statistics from Asian Metal Database, Chinese ferrovanadium producers’ inventory to production ratio reached 19.35% in May 2019, down by 9.7% compared with 21.43% in April 2019 and down by 10.8% compared with 21.69% in May 2018.

According to the following graph, in May, the inventory to production ratio of ferrovanadium producers in Hubei, Sichuan, Taiwan, Liaoning and Hebei was 22.22%, 10.71%, 40%, 23.53% and 33.33% respectively. In particular, the figures in Hubei , Taiwan and Liaoning suffered declines MOM while the figure in Sichuan saw an increase MOM, but the figure in Hebei remained unchanged MOM.