SHANGHAI, May 10 (SMM) - The output of Co3O4 in China stood at 6,087 mt in April, up 9% MoM, but down 14% YoY. Co3O4 shipments increased only slightly as lower prices discouraged producers from selling aggressively. Demand from LCO producers rose mildly. The e-cigarette market gradually recovered, encouraging relevant LCO producers to increase raw material purchases.
SMM predicts that China’s Co3O4 output will stand at 6,648 mt in May, up 9% MoM and 21% YoY.
