In September, China's ternary precursors production dipped 0.84% MoM and 2.01% YoY to 71,100 tonnes. In September, the overseas market demand declined which led to a slight drop in the production. Meanwhile, some companies accumulated inventory in September and need to clear inventory in October, so the production of ternary precursors will be reduced in October.
The estimated production of China's ternary precursors in October is 6,8400 tonnes, with a dropping of 3.8% MoM and an increase of 3.54% YoY.