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Looming NEV subsidy cuts to lower ternary material output in Jan

iconJan 28, 2019 08:33
Source:SMM
Sluggish consumption from the digital market will also weigh on output

SHANGHAI, Jan 28 (SMM) – SMM expects China's production of ternary materials to decline month on month in January as market talk suggested that a sharp subsidy cut on new-energy vehicles around CNY will affect production schedules across battery plants, and their purchases of ternary materials. Sluggish consumption from the digital market will also weigh on output. 

China's output of ternary materials in December remained flat from November, at 14,300 mt, SMM data showed. 

While sufficient orders received at major producers of cathode materials supported overall production in December, some producers in the north lowered output on concerns about slow payment from downstream battery plants ahead of CNY. 

Production data
Ternary materials

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