In October, China's Co3O4 production totaled 8,660 tonnes, with a drop of 1.25% MoM and a rising of 24.14% YoY. The production of Co3O4 in the first ten nine months accumulated 82,720 tonnes, a year-on-year increase of 33.62%. In October, the demand-supply for top-tier Co3O4 enterprises remained stable and most of them produced normally. However, the demand for digital products began to show a downward trend in late October. Thus the production of Co3O4 in October moved down slightly.
The production of China's Co3O4 is expected to reach 8,330 tonnes in November, which will drop 3.81% on month and rise 68.09% on year respectively. In November, the market players mostly hold a bearish sentiment and the demand for LCO may decline, leading to a small cut in the Co3O4 production.
Edited by Cassie Li, lixiangying@mysteel.com
