SMM analysis on China June ternary cathode precursor output and July forecast

Published: Jul 10, 2024 09:59

Source: SMM

Save

In June 2024, China's ternary cathode precursor production was about 58,652 mt, down 8% MoM and 21% YoY.

In June 2024, China's ternary cathode precursor production was about 58,652 mt, down 8% MoM and 21% YoY. From January to June, the cumulative production was 411,556 mt, up 12.01% YoY. Supply side, in June, the negative feedback from inventory adjustments at the battery cell end affected the ternary cathode materials, reducing their procurement of precursors. Together with the declining prices of metal salts, precursor companies were less active in raw material procurement. The combined impact led to a significant decline in scheduled production of ternary cathode precursors. Domestic demand weakened overall. Overseas demand showed a divergent trend but remained generally weak.

In July 2024, demand side, after the inventory adjustments at leading battery cell companies, they resumed just-in-time procurement. Supply side, metal salt prices gradually stabilized, and some precursor companies resumed raw material stockpiling. The expected production of ternary cathode precursors in China for July 2024 is 61,384 mt, up 5% MoM and down 22% YoY.

Output

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

4 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

4 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

4 hours ago