[SMM Data] Operating Rate of Electrolyte Increased in October 2024

In October, the overall operating rate of electrolyte was approximately 39.93%, an increase of about 3 percentage points compared to September. The demand growth rate in the end-use market increased in October, leading to an overall rise in demand, and consequently, the operating rate of electrolyte factories was adjusted upward. Looking ahead to November, end-use demand is expected to continue rising, thereby driving the demand for electrolyte to grow continuously. The operating rate in November is expected to reach approximately 42.47%.