Hunan Haili's LMO output to decrease
2023-04-19 08:31:22 [Print]
BEIJING (Asian Metal) 19 Apr 23 - As a major producer in Hunan, China, Hunan Haili Lithium Technology Co., expects to produce only around 200t of LMO in April 2023, down by 100t MoM, according to a source from the company.
"Dragged by soft demand from our consumers, we estimate to produce only around 200t of LMO this month, while our output in March recorded about 300t," said the source.
Founded in 2015, Hunan Haili Lithium Technology Co. owns an annual production capacity of 9,600t of LMO. Its outputs in 2022 and so far in 2023 recorded approximately 5,000t and 700t. It has about 500t of stocks at present, an increase of 100t MoM.
On account of consumers' wait-and-see attitudes and furious competition among producers, the current LMO mainstream prices in Hunan, China declined to RMB54,000-57,000/t (USD7,853-8,290/t) delivered D/A 180 days, a decrease of around RMB7,000/kg (USD1,018/t) from one week ago.
"Dragged by soft demand from our consumers, we estimate to produce only around 200t of LMO this month, while our output in March recorded about 300t," said the source.
Founded in 2015, Hunan Haili Lithium Technology Co. owns an annual production capacity of 9,600t of LMO. Its outputs in 2022 and so far in 2023 recorded approximately 5,000t and 700t. It has about 500t of stocks at present, an increase of 100t MoM.
On account of consumers' wait-and-see attitudes and furious competition among producers, the current LMO mainstream prices in Hunan, China declined to RMB54,000-57,000/t (USD7,853-8,290/t) delivered D/A 180 days, a decrease of around RMB7,000/kg (USD1,018/t) from one week ago.
