Domestic Output of Battery-grade Manganese Sulphate in April was 25,900 mt and the Prices may Decline in May

SHANGHAI, May 9 (SMM) - According to SMM data, the domestic output of battery-grade manganese sulphate in April was 25,900 mt, up 5.7% MoM. In addition, the cumulative output of high purity manganese sulphate in the first quarter of this year was 90,700 mt. In April, the average spot price of battery-grade manganese sulphate in China was 9,779 yuan/mt, down 9.7% MoM. In April, the quotation of battery-grade manganese sulphate declined obviously under pressure, which was mainly due to the operation stagnation as the domestic terminal and consumer market was affected by the pandemic in the middle and late ten days, so the consumption cycle of battery and other raw materials became slower. While the operation rate of raw material plants was high, the long-term orders mainly dominated in the early stage, and most manganese plants had no statement for retail transactions. However, under the situation of oversupply, the buyer's market depressed the manganese prices. At the end of April, low-cost manganese sulphate has been quoted frequently. In addition, the total output of various models of precursor plants decreased significantly month on month in April. As a result, SMM expects that the high purity manganese sulphate prices will decline with a wait-and-see mood in May.