SHANGHAI, Aug 11 (SMM) –
In July 2023, China's production of high-purity manganese sulphate approximated 17,300 mt, marking a month-on-month decrease of 21.36%. In terms of supply, our understanding from SMM is that the output of high-purity manganese sulphate was impacted by three factors, leading to a decline in production. Firstly, larger-scale enterprises have once again scaled back or ceased production. Secondly, businesses in the early stages of resumption needed to fine-tune their equipment, which prevented stable production. Lastly, due to typhoon weather conditions, some businesses suspended operations and took holidays. Consequently, the overall operational rate for high-purity manganese sulphate production was relatively low in July. However, considering the ample stockpile from previous periods, there are no immediate concerns of a shortage.
Moving into August, information from SMM indicates that top-tier ternary precursor enterprises are still experiencing steady growth, with only smaller and medium-sized enterprises forecasting a decrease in production. All in all, the demand for high-purity manganese sulphate remains solid. Concurrently, enterprises in the early stages of resuming high-purity manganese sulphate production are progressively stabilizing, with inventory pressures across various businesses also showing signs of easing. For August, the forecasted output of high-purity manganese sulphate is about 21,700 mt in physical content, a month-on-month increase of 25.43%.//0811
