SHANGHAI, Aug 14 (SMM) –
According to data from SMM, the production of Mn3O4 in China for July 2023 amounted to an estimated 10,300 mt, consisting of 4,000 mt of electronic grade and 6,300 mt of battery grade. This signifies a decrease of 9.05% from the previous month and a decline of 26.26% compared to the same period last year. From January to July 2023, the cumulative production was approximately 77,300 mt, reflecting a year-on-year decrease of 10.38%. The primary reason for the monthly production decrease lies in the current off-peak season for the home appliance and consumer electronics industries, leading to a certain extent of reduction in operating rates among downstream enterprises and consequently, a diminished interest in procuring electronic and battery grade Mn3O4. In order to avoid amassing excessive inventory, Mn3O4 enterprises have correspondingly lowered their operating rates.
Based on market feedback, the prospects for the downstream market of Mn3O4 seem unlikely to improve as we move into August. The scenario of weak supply and demand is expected to continue, with the total production of Mn3O4 in August predicted to be around 9,700 mt.
