EMD Output Falls 12.07% MoM in Mar and to Drop Further in Apr 

SHANGHAI, Apr 11 (SMM) - SMM data showed that the Chinese electrolytic manganese dioxide (EMD) output was 10,200 mt (including 200 mt for LMO battery, 6,300 mt for alkaline manganese battery, and 3,800 mt for zinc-carbon battery) in March, down 12.07% MoM and 65.19% YoY. EMD output in the first three months of 2023 stood at about 32,700 mt, down 69.03% YoY. This was because the demand from the LMO battery sector remained poor, and prices of trimanganese tetraoxide (Mn3O4) stood lower than the EMD. In addition, the primary battery demand also weakened, reducing the output of EMD for alkaline manganese battery and zinc-carbon battery.

It is expected that in April, the downstream demand will hardly improve, hence the output may decrease further to about 9,900 mt.