China's ternary precursor production in February 2026 amounted to 79,700 tonnes, representing a month-on-month decrease of 19.34% and a year-on-year increase of 28.05%.
Some market players arranged for maintenance shutdowns or reduced production days due to the impact of the Chinese New Year holiday and the traditional off-season for production , which directly affected the total output for this month. Concurrently, downstream demand slowed, prompting producers to adjust their production plans accordingly to control inventory levels.
In March 2026, China's ternary precursor production is likely to reach 92,500 tonnes, marking a month-on-month increase of 16.13% and a year-on-year increase of 25.85%. During this month, with the resumption of logistics and the return of workers to their posts, producers are restoring normal production. Furthermore, following inventory consumption in February, downstream cathode material plants and battery manufacturers have rigid restocking needs, driving increased demand for ternary precursors.
Edited by Cassie Li, lixiangying@mysteel.com
