BEIJING (Asian Metal) 28 Feb 20 – According to statistics from Asian Metal Database, Chinese vanadium pentoxide flake producers’ inventory to production ratio reached 32.27% in January 2020, up by 7.8% compared with 29.93% in December 2019 and up by 11.1 times compared with 2.66% in January 2019.

Chinese vanadium pentoxide flake producers’ inventory to production ratio by month from Jan 2019 to Jan 2020 (%)

According to the following graph, in January, the inventory to production ratio of vanadium pentoxide flake producers in Shaanxi, Hunan, Sichuan, Heilongjiang, Liaoning and Hebei was 55.56%, 70%, 22.58%, 66%, 52.63% and 40.12% respectively. All figures showed an uptrend MOM.

Chinese vanadium pentoxide flake producers’ monthly inventory to production ratio by province from Jan 2019 to Jan 2020 (%)

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