[SMM Notice] SMM Newly Launches Battery Grade Manganese Sulphate Price Index

Dear Customer,

As the transactions of battery-grade manganese sulphate (crystal) in the form of long-term orders take up an increasingly larger share (more than 90%) in total transactions, while the frequency of transactions in the spot market decreases, SMM, after deep research on the market, has decided to launch the item of SMM Battery Grade Manganese Sulphate Price Index starting from September 1, 2022 in an effort to enhance the representativeness of SMM battery grade manganese sulphate price and to go with the transition of pricing mechanism in the market, while the corresponding old item will be retained simultaneously until December 31, 2022.

1. Assessment (calculation) of published prices

The result obtained through regression analysis and adjustment of enterprise weights toward the most tradable prices submitted by upstream and downstream players following the full collection process will be published in the form of a price index during 10:50-11:00 China Standard Time (“CST”) on each trading day.

2. Unit and form of existence

Form of targeted products of Battery Grade Manganese Sulphate Price Index: crystal

Unit: RMB/mt in physical content

Form of existence: in the form of a price index (rebounded to the single digit), tax included (13% VAT included)

Payment method: credit + bank acceptance (30-day credit + 6-month acceptance bill as standard, and other payment methods will be converted to this standard)

Online update: 11:00 CST on each trading day

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SMM welcomes all relevant players in the industry chain to engage with and help SMM to better serve the enterprises in the battery grade manganese sulphate industry chain. Should you have any questions, please feel free to send your feedback to service.en@smm.cn.