Jiangsu Xiangying's LNCMO output reduces
2023-04-11 08:33:58 [Print]
BEIJING (Asian Metal) 11 Apr 23 - Jiangsu Xiangying New Energy & Technology Co., one of a LNCMO producers in Jiangsu province, China, reduced LNCMO output by about 30t MoM to around 70t in March 2023, according to a source from the company.
"Dragged by soft demand from end users, we produced only around 70t of LNCMO in March, while our output in February recorded about 100t," said the source, who expects to produce another 70t of LNCMO in April.
Established in 2016, Jiangsu Xiangying New Energy & Technology Co. owns an annual production capacity of 12,000t. The company's outputs in 2022 and so far in 2023 recorded approximately 3,000t and 360t respectively. He holds an inventory of around 100t at the moment, in line with mid-March.
The current Chinese LNCMO 622 mainstream prices in Jiangsu province dropped to RMB225-230/kg (USD32.7-33.4/kg) delivered D/A 180 days, down by around RMB15kg (USD2.2/kg) from one week ago.
"Dragged by soft demand from end users, we produced only around 70t of LNCMO in March, while our output in February recorded about 100t," said the source, who expects to produce another 70t of LNCMO in April.
Established in 2016, Jiangsu Xiangying New Energy & Technology Co. owns an annual production capacity of 12,000t. The company's outputs in 2022 and so far in 2023 recorded approximately 3,000t and 360t respectively. He holds an inventory of around 100t at the moment, in line with mid-March.
The current Chinese LNCMO 622 mainstream prices in Jiangsu province dropped to RMB225-230/kg (USD32.7-33.4/kg) delivered D/A 180 days, down by around RMB15kg (USD2.2/kg) from one week ago.
