The Zhitong Finance App learned that Citibank released a research report saying that ZE Consulting estimates that in the Ningde Era (03750) monthly production fell 3% month-on-month in September, and monthly production may remain roughly flat in October; along with the market's continued concerns about battery demand, especially for electric vehicle batteries, it will continue to suppress short-term market sentiment.

According to ZE Consulting's latest production pipeline inspection, production of batteries and battery material components in September was only a modest month-on-month increase in units, and lithium may have increased by about 11% month-on-month. However, the bank learned that inventories continued to drop by 923 tons this week; if this trend continues, the spot market may tighten in October.

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