SHANGHAI, Aug 9 (SMM) - China produced 26,700 mt in physical content or 8,528 mt in metal content of battery-grade manganese sulphate in July, up 29.21% MoM and 50.61% YoY. The increase was mainly caused by the production resumption of major enterprises in Guangxi and Guizhou. The orders and inquiries of precursor plants increased in July/August than in May and June, but the prices of battery-grade manganese sulphate were still under pressure due to the high inventories.
In August, with the gradual increase in the output and sales of new energy vehicle, the demand for precursor increases. Therefore, it is expected that the output in August will increase slightly by 5.25% on the month and 40.66% on the year to 8,976 in metal content.
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