AM Stats: Chinese Vanadium Nitride Producers’ Inventory to Production Ratio up by 2.3 Times YOY in Jul

BEIJING (Asian Metal) 14 Aug 19 – According to statistics from Asian Metal Database, Chinese vanadium nitride producers’ inventory to production ratio reached 14.17% in July 2019, up by 5.9% compared with 13.38% in June 2019 and up by 2.3 times compared with 4.33% in July 2018.

According to the following graph, in July, the inventory to production ratio of vanadium nitride producers in Jiangsu, Jiangxi, Shaanxi, Hubei, Sichuan, Henan, Xinjiang and Fujian was 33.33%, 5.26%, 13.83%, 12.05%, 17.33%, 20%, 0% and 33.33% respectively. In particular, the figures in Hubei, Sichuan and Henan saw increases MOM while the figures in Jiangxi and Shaanxi suffered declines MOM, but the figures in Jiangsu and Xinjiang remained unchanged MOM.