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Leading Precursor Companies Expected to Release New Capacity in August
Aug 10, 2022 17:09CST
Source:SMM
It is expected that leading precursor companies will release new capacity in August, and the terminal demand for motive power products will sustain growing.

SHANGHAI, Aug 10 (SMM) - China's PCAM (precursor of cathode active materials) output was 69,194 mt in July, up 3% on the month and 36% on the year.

On the supply side, the output of major precursor companies recovered in July, with a steady increase in downstream demand. It is learned that a leading precursor company recovered its rationality after stepping up the production, and its inventory dropped slightly in July. In addition, the production recovery of small and medium-sized enterprises was relatively slow, hence the overall market supply grew slightly. On the demand side, the demand of domestic motive power market continued to ramp up, that of some battery companies increased significantly, that of the European motive power market slightly weakened, and that of the digital electronics market was still poor. Generally, the overall demand extended the increase.

It is expected that leading precursor companies will release new capacity in August, and the terminal demand for motive power products will sustain growing. The PCAM output is estimated to add 4% on a monthly basis to 72,107 mt.

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