AM Stats: Chinese Vanadium Nitride Producers’ Inventory to Production Ratio Up by 1.8 Times YOY in May

BEIJING (Asian Metal) 19 Jun 19 – According to statistics from Asian Metal Database, Chinese vanadium nitride producers’ inventory to production ratio reached 12.75% in May 2019, down by 6.5% compared with 13.64% in April 2019 but up by 1.8 times compared with 4.58% in May 2018.

According to the following graph, in May, the inventory to production ratio of vanadium nitride producers in Jiangsu, Jiangxi, Shaanxi, Hubei, Sichuan, Henan and Xinjiang was 33.33%, 23.81%, 11.84%, 13.56%, 11.84%, 6.12% and 7.14% respectively. In particular, the figures in Jiangxi, Shaanxi and Henan suffered declines MOM while the figures in Jiangsu, Hubei and Sichuan saw increases MOM, but the figure in Xinjiang remained unchanged MOM.