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China LCO Output Rose In May And To Climb Further In June

iconJun 8, 2023 14:07
SHANGHAI, Jun 8 (SMM) – China’s LCO output stood at 6,918 mt in May, up 13% MoM ad 18% YoY.

SHANGHAI, Jun 8 (SMM) – China’s LCO output stood at 6,918 mt in May, up 13% MoM ad 18% YoY. Large LCO enterprises raised production, while the rest reported only slight or little increase in production. Orders from battery cell makers have returned to normal after stocking up for upcoming electronics products shopping festival on June 18 has come to an end.

LCO enterprises currently schedule production based on orders and hold limited finished product inventories. The LCO market is slightly oversupplied. SMM forecasts that the domestic LCO output will be 7,296 mt in June, up 5% MoM and 33% YoY.

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