Based on Mysteel OilChem's survey, China's anode material production reached 380,000 tonnes in August, up 49.84% year-on-year and 2.01% month-on-month. Capacity utilization rates averaged 83.17%, up 0.14 percentage point from July. The increase was driven by the stockpiling ahead of the traditional peak season, with robust demand from energy storage and power battery sectors, prompting producers to align output with orders.
In August, the industry's average utilization rate hit a five-year high and the highest so far this year. Leading anode producers operated at full capacity, while second and third-tier producers saw increased toll-processing business, further lifting overall industry utilization.
Looking ahead to September, capacity utilization rate is expected to rise another 0.33 percentage point to 83.5%, with output rising about 5,000 tonnes to around 385,000 tonnes.
Written by Aggie Hu, huchenying@mysteel.com
