China's high-purity manganese sulphate production in November 2023 was about 26,100 mt, down 0.76% MoM. Demand was weak, but supply didn't drop much, as some producers unexpectedly continued production, causing a slight inventory buildup. Meanwhile, integrated precursor companies increased manganese sulphate solution output. Thus, despite production adjustments by some firms, overall supply remained relatively stable.
SMM reports that December's ternary precursor production scheduling is set to drop further, reducing high-purity manganese sulphate procurement demand. Supply should theoretically decline too. Yet, some producers might prepare certain amounts of finished product stocks before a concentrated shutdown. Considering these factors, December's high-purity manganese sulphate production is expected to be around 24,700 mt, down 5.36% MoM.
