China's iron phosphate production reached 323,400 tonnes in November, up 5.55% MoM. In November, demand from downstream factories remained elevated, with most manufacturers operating at full order capacity. Market operating rates saw a further increase and pushed the overall upstream inventories deeper into a destocking phase. Some producers entered a state of full-capacity operation with robust sales.
It is expected that China's iron phosphate production will down 2.4% MoM to 315,400 tonnes in Ni. content in December.
Written by Cora Ji, jiruyan@mysteel.com
