It is expected that China's LFP cathode material production will amount to 156,600 tonnes in March, a monthly jump of 38.71% with the downstream demand pivoting, according to Mysteel survey of the shipping schedules. But the specific production of producers varied greatly.
China's ternary cathode material production is estimated at 49,600 tonnes in March, rising 16.04% month on month. The demand from battery cell factories has picked up in March, but it remains uncertain whether it is sustainable. The material producers are projected to adjust their production scheduling based on the market demand.
Source: Mysteel
Written by Aggie Hu, huchenying@mysteel.com