SHANGHAI, Mar 9 (SMM) - China produced 23,900 mt of high-purity manganese sulphate in February, up 70.71% MoM, which was contributed by the normal rebound of demand from ternary precursor companies after the Chinese New Year. According to SMM survey, terminal consumption of domestic NEV was slack in February, which greatly dragged down the power battery demand. Therefore, the output growth of mid and low-nickel precursors was limited. On the contrary, overseas demand was relatively stable, driving up Chinese high-nickel precursor output. The overall output of high-purity manganese sulphate rebounded sharply in February.
In March, due to the crashing lithium carbonate prices and the high in-plant inventories of finished products held by battery cell markers, most battery cell manufacturers hold a strong wait-and-see attitude and are cautious in production, which will slow down the production of precursor enterprises. As a result, the supply of high-purity manganese sulphate will not increase greatly. The output in March is expected to be around 24,200 mt in physical content, up 1.26% MoM.
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