1.China's LFP exports
China's LFP exports stood at 147.045 tonnes, a decrease of 30.35 tonnes compared to the previous month or 17.11%, and a year-on-year increase of 106.58 tonnes, according to Mysteel calculation based on the customs data. Among them, exports of South Korea, Norway and Turkey decreased compared with May, while exports of Taiwan(China) increased.
In June, South Korea ranked first, with an export volume of 64.06 tonnes, accounting for approximately 43.56%; And 31.68 tonnes were exported to Taiwan (China), accounting for 21.54%. In the table below, there were 32 tonnes were exported to Norway, accounting for approximately 21.76%; Newly exported 6 tonnes to Serbia, accounting for 4.08%.
China's LFP exports totaled 765.291 tonnes over January-June, an increase of 154.88 tonnes or 25.37% compared to the same period last year, data showed.
China's LFP Exports | ||||||
Country | Exports (Tonne) | |||||
Jan | Feb | Mar | Apr | May | Jun | |
South Korea | 70.82 | 62.59 | 68.49 | 58.47 | 71.76 | 64.06 |
France | 43.58 | 14.4 | 43.2 | - | - | 5 |
Japan | 13.88 | 1.59 | 10.83 | 2.12 | 7.84 | 7.87 |
Taiwan (China) | 0.08 | 5.06 | 18.61 | 0.06 | 11.9 | 31.68 |
US | 1.61 | 0.22 | 1.1 | 0.03 | 2.34 | 0.07 |
Others | 2.72 | 18.22 | 0.23 | 2.95 | 83.56 | 38.37 |
Total | 132.69 | 102.08 | 142.46 | 63.63 | 177.4 | 147.05 |
2.China's LFP imports
China's LFP imports totaled 0.8 tonnes in June, a decrease of 0.46 tonnes compared to the previous month or 36.51%, and a year-on-year decrease of 3.78 tonnes or 82.51%, data showed. All imports were from the United States, with the consignee registered in Shanghai.
From January to June 2024, the cumulative China's LFP imports was 46.066 tonnes, an increase of 24.88 tonnes or 117.44% compared to the same period last year.
China's LFP Imports | ||||||
Country | Exports (Tonne) | |||||
Jan | Feb | Mar | Apr | May | Jun | |
Taiwan (China) | 35.6 | 8 | 0.4 | - | - | - |
US | - | 0.006 | - | - | - | 0.8 |
Germany | - | - | - | - | 1.26 | - |
Total | 35.6 | 8.01 | 0.4 | 0 | 1.26 | 0.8 |
3.Quarterly changes in average import and export LFP prices
China's LFP exports were 147.05 tonnes in June 2024, with an export value of $1.0776 million US dollars and an average export price of $7,300/t, a decrease of 13.7% compared to the previous month. The cumulative exports from January to June 2024 were $6.7289 million US dollars, with a cumulative average export price of $0.88/t million US dollars, a year-on-year decrease of 63.3%.
China's LFP imports totaled 0.8 tonnes in June 2024, with an import amount of $1,800 US dollars and an average import price of $2,200/t, a decrease of 91.19% compared to the previous month. The cumulative imports from January to June 2024 were $701,500 US dollars, with a cumulative average import price of %15,200/t, a YoY decrease of 52.21%.
Edited by Cassie Li, lixiangying@mysteel.com