China Aug anode material production up 3% MoM
According to Mysteel OilChem's survey, China's anode material production reported 223,500 tonnes in August, up 3.19 per cent from the previous month and 63.50 per cent from the same period last year, with a monthly average capacity utilisation rate of 62.71 per cent.
The anode material producers generally maintained active production in August, and some raised the production based on orders received. In addition, the favorable hydropower prices in the wet season prompted the top-tier producers to produce at full capacity, which build up finished products stocks for the upcoming traditional peak season.
From the raw material side, the domestic prices of low-sulfur petroleum coke (petcoke) edged up from RMB 3,500-3,600 per tonne to RMB 3,600-3,700 per tonne, with high-quality resources maintaining at around RMB 4,000 per tonne.
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