[SMM Analysis] China's Ternary Cathode Precursor Exports Amounted to 17,296 mt in May

In May, China's ternary cathode precursor exports amounted to 17,296 mt, down 8% MoM and 22% YoY.

In January-May, the exports (including NCA precursor) totalled 88,326 mt, down 14% YoY.

In May, the overall exports of ternary cathode precursors slightly decreased compared to April. Among them, NC precursor and NCM precursor exports decreased, while NCA precursor exports increased. Specifically, the exports of NCM precursor in May were 13,424 mt, down 6% MoM and 12% YoY; the exports of NC precursor were 2,847 mt, down 26% MoM and 53% YoY; the exports of NCA precursor were 1,026 mt.

By country, NC precursor exports to South Korea slightly narrowed from 3,723 mt in April to 2,675 mt in May, accounting for 94% of the total; NCM precursor exports to South Korea decreased from 14,338 mt in April to 13,423 mt, still occupying nearly 100% of the total.

In May, NC precursor exports of Guizhou decreased from 1,942 mt to 988 mt. Jiangsu exported 1,287 mt NC precursors, holding stable and accounting for the largest share at 45%. Guizhou experienced a significant decrease in NC precursor exports, while others remained relatively stable.

For NCM precursors, Zhejiang exported 5,083 mt, accounting for 38% down from 43%. The MoM decrease in May was mainly from Zhejiang.