SMM Analysis of China December Ternary Cathode Precursor Production and January Forecast

Published: Jan 2, 2025 18:45

Source: SMM

Save

In December 2024, China's production of ternary cathode precursors increased 1% MoM and was up 13% YoY.

In December 2024, China's production of ternary cathode precursors increased 1% MoM and was up 13% YoY. Demand side, the production schedule of ternary cathode material plants was slightly adjusted this month. Supply side, the production of top-tier enterprises generally increased. Although significant year-end surges are typical, the production increase was relatively limited due to factors such as weak material demand and inventory control faced by some top-tier enterprises. For most non-top-tier ternary cathode precursor enterprises, production remained largely flat or increased slightly compared to the previous month. However, production declined for some non-top-tier enterprises due to structural shifts in orders. Looking ahead to January, impacted by the Chinese New Year break and reduced material production schedules, China's production of ternary cathode precursors is expected to decrease 11% MoM, with YoY growth also likely to decline by 11%.

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

6 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

6 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.

6 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.

6 hours ago