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[SMM Analysis] The Production of Ternary Cathode Precursors in January Fell 13% MoM

iconJan 26, 2025 17:38
Source:SMM
In January 2024, the production of ternary cathode precursors decreased by 13% MoM and 12% YoY.

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In January 2024, the production of ternary cathode precursors decreased by 13% MoM and 12% YoY.

Supply side, the reduction in precursor production was mainly due to production cuts by top-tier enterprises. Some top-tier enterprises experienced production impacts due to production line maintenance, while others made significant production adjustments due to the Chinese New Year holiday and lower-than-expected downstream orders. Demand side, as the beginning of the year is an off-season, the production of downstream ternary cathode materials was affected, leading to an overall decline in demand.

Looking ahead to February, considering weak demand and the impact of the Chinese New Year holiday, the production of ternary cathode precursors is expected to decrease by 9% MoM and 0.4% YoY.

 


SMM New Energy Research Team

Cong Wang 021-51666838

Xiaodan Yu 021-20707870

Rui Ma 021-51595780

Ying Xu 021-51666707

Disheng Feng 021-51666714

Yujun Liu 021-20707895

Yanlin Lü 021-20707875

Ye Yuan 021-51595792

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Xiaoxuan Ren 021-20707866

Yushuo Liang 021-20707892

Jie Wang 021-51595902

Yang Xu 021-51666760

Lianting Yang 021-51595835

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