China Mn₃O₄ Output In September And Forecast For October

SHANGHAI, Oct 10 (SMM) –

SMM data showed that in September 2023, Chinese Mn₃O₄ output was 9,400 mt (including 4,900 mt of electronics-grade Mn₃O₄ and 4,500 mt of battery-grade one), up 15.12% MoM, but 35.78% YoY. Mn₃O₄ output in the first nine months of the year stood at about 94,900 mt, down 16.34% YoY. The output of electronic-grade and battery-grade Mn₃O₄ both increased. Underpinned by a peak season and replenishing demand for the holiday, electronics-grade Mn₃O₄ producers obtained more orders. The increase in battery-grade Mn₃O₄ output mainly stemmed from the fact that leading LMO makers increased the proportion of Mn₃O₄ used. Furthermore, newly added capacity of some Mn₃O₄ producers was hiking.

Given bearish LMO market, some Mn₃O₄ producers carried out maintenance during the holiday. Therefore, October will witness shrinking battery-grade Mn₃O₄ production and stable electronic-grade one. Mn₃O₄ output in October is expected to be 8,400 mt.