BEIJING (Asian Metal) 24 Jun 19 – According to statistics from Asian Metal Database, Chinese vanadium pentoxide flake producers’ inventory to production ratio reached 10.12% in May 2019, down by 4.9% compared with 10.64% in April 2019 but up by 1.8 times compared with 3.66% in May 2018.

According to the following graph, in May, the inventory to production ratio of vanadium pentoxide flake producers in Jiangxi, Shaanxi, Hunan, Sichuan, Heilongjiang, Henan, Liaoning and Hebei was 20%, 15.38%, 25%, 5.97%, 25%, 20%, 44.44% and 10.26% respectively. In particular, the figures in Hunan, Sichuan, Heilongjiang, Liaoning and Hebei suffered declined MOM while the figures in Jiangxi, Shaanxi and Henan saw increases MOM.