BEIJING (Asian Metal) 20 Jan 20 - Statistics from Asian Metal Database show that Chinese magnesium alloy producers maintained an inventory-to-production ratio of 3% in December 2019, down by 39.3% MOM and by 53.5% YOY.
Chinese magnesium alloy producers' inventory-to-production ratios by month from Jan 2018 to Dec 2019 (%)
In December 2019, magnesium alloy producers in Jiangsu, Shanghai and Shanxi had an inventory-to-production ratio of 2.28%, 3.51% and 1.85% respectively, down by 51.1%, 35.6% and 54.1% MOM; and producers in Shaanxi had an inventory-to-production ratio of 12%, up by 17% MOM.
Chinese magnesium alloy producers' inventory-to-production ratios by province from Jan 2018 to Dec 2019 (%)
