China’s ternary precursor imports in Feb up 24%

Published: May 2, 2018 11:12

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China's import of ternary precursors in February grew 24% month on month but fell 38% on the year, according to data from China Customs. China imported bout 132 mt of ternary precursors in Feb

SHANGHAI, May 2 (SMM) – China's import of ternary precursors in February grew 24% month on month but fell 38% on the year, according to data from China Customs. China imported about 132 mt of ternary precursors in February. Average import prices fell 3% from January as a batch of low-priced scrap was included in February's imports and this lowered overall prices. The February data is the latest information from the website of China Customs.

SMM believes that China’s imports of ternary precursors are likely to fall as domestic capacities increase and as production of high-end, customised ternary precursors accelerates in China.

China's exports in February grew 0.7% on the month and 78% on the year, with 2,571 mt of ternary precursors exported. Average export prices rose 5% from January. The five largest companies – Umicore Changxin, Henan Kelong, Hunan Zhongwei, Jingmen GEM and Hunan Brunp – accounted for 91% of overall exports.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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