China Tricobalt Tetraoxide (Co3O4) Output In May And Forecast For June

SHANGHAI, Jun 15 (SMM) –The output of Co3O4 in China stood at 7,046 mt in May, up 13% MoM and 28% YoY. The operating rates of Co3O4 enterprises were around 70-80% in late May. Downstream restocking was monitored after the Labour Day holiday. Demand softened after stocking for upcoming electronics product shopping festival (June 18) passed.

At present, some LCO plants still take outsourcing orders from other producers. LCO plants mostly take a wait-and-see approach amid rising raw material prices. The domestic Co3O4 output is estimated at 7,342 mt in June, up 4% MoM and 31% YoY.