SMM Inclusive: China Ternary Cathode Materials Output In March And Analysis

SHANGHAI, Apr 11 (SMM) - The domestic ternary cathode material output was 46,042 mt in March, flat month-on-month, but down 8% year-on-year. Some ternary cathode material producers received more orders, driven by rigid demand from the electronics and e-bike sectors. However, market players across the entire industry chain were plagued by high inventories caused by cooling NEV market. Coupled with rapidly falling raw material prices, purchasing activity declined. Orders from overseas power battery market have shown signs of weakening. With the overall demand softening, the operating rates in ternary cathode material industry stopped growing.