BEIJING (Asian Metal) 6 May 20 – According to statistics from Asian Metal Database, Chinese vanadium pentoxide flake producers’ inventory to production ratio reached 38.27% in March 2020, up by 14.2% compared with 33.52% in February 2020 and up by 3.3 times compared with 8.84% in March 2019.

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

According to the following graph, in March, the inventory to production ratio of vanadium pentoxide flake producers in Shaanxi, Hunan, Sichuan, Heilongjiang, Henan, Liaoning and Hebei was 60%, 41.67%, 26.24%,94.64%, 50%, 36.67% and 55.75% respectively. In particular, the figures in Shaanxi and Liaoning suffered declines MOM while the figures in Hunan, Sichuan, Heilongjiang and Hebei saw increases MOM.

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

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