SHANGHAI, Feb 9 (SMM) - SMM data showed in January 2023, China's Mn3O4 output was 11,200 mt (including 8,200 mt of electronics-grade Mn3O4 and 3,000 mt of battery-grade Mn3O4), a month-on-month drop of 20.36%.
Due to the weak demand for lithium manganese oxide prompted some factories to shut down for CNY holidays, lowering the output of Mn3O4.
Factories gradually resumed production after the Lantern Festival on February 5. Spot prices did not fall sharply even as the downstream demand remained weak. Given the high profit at plants, the output is set to increase slightly from the previous month to about 12,900 mt.
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