[SMM Battery-Grade Manganese Sulfate Weekly Review] Downstream Demand Weakened, High-Purity Manganese Sulfate Prices May Struggle to Rise

Published: Jun 19, 2024 17:19

Source: SMM

Save

Last week, the average spot price of domestic battery-grade manganese sulfate was around 6,350 yuan/mt.

Last week, the average spot price of domestic battery-grade manganese sulfate was around 6,350 yuan/mt. The MTD (month-to-date) average spot price of battery-grade manganese sulfate was 6,333 yuan/mt, and the MTD price index of battery-grade manganese sulfate was 5,814 yuan/mt. Spot prices fluctuated at high levels. Some manganese salt producers still undergo shutdowns for maintenance and the structural gap of manganese ore has not been resolved, making raw material procurement difficult. Producers were cautious about shipments. The overall market supply did not see a significant increase and remained at a relatively low level compared to last year. High-purity manganese sulfate producers intended to maintain high prices, keeping market prices relatively stable. However, downstream demand showed signs of weakening, with poor inquiries and low market procurement. It is expected that manganese sulfate prices will barely rise in the short term.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

21 hours ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

21 hours ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

21 hours ago