CNY Holiday Update: Operating rates at major ternary and precursor plants positive amid strong demand

SHANGHAI, Feb 5 (SMM)—According to SMM statistics, most domestic ternary materials and precursor companies will not take CNY holiday in February 2021. Leading producers are expected to remain high operating rates in February amid bullish orders.  Some small and medium-sized factories have an early CNY holidays, and the operating rates in February is likely to be less than 30% due to the difficulty in restocking raw materials and price hike of raw materials.