SHANGHAI, Apr 19 (SMM) – In March 2023, little change in the production costs and decline in battery-grade manganese sulphate prices under long-term contracts caused profit margins in the industry to shrink 1% on a month on month basis.
In terms of raw materials, manganese ore prices fell slightly due to thin trades and high port inventory, while sulphuric acid prices inched higher.
China produced 29,600 mt of high-purity manganese sulphate in March, up 23.85% MoM. On the supply side, according to SMM survey, high-purity manganese sulphate companies generally ran at high capacities to reduce costs as the ternary precursor companies undercut discounts of long-term contracts.
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