Weak Demand for Medium and Low-Nickel Precursors, Delivery of High-Purity Manganese Sulphate Did not Improve

SHANGHAI, Feb 17 —This week, the average price of the domestic spot battery grade manganese sulphate market is 6,475 yuan/mt. The average spot price of battery grade manganese sulphate is 6,478 yuan/mt, and the price index of battery grade manganese sulphate is 6,362 yuan/mt.

According to market feedback, the delivery of high-purity manganese sulphate has not been significantly restored, which is almost the same as in January. The main reason is that domestic new energy vehicle consumption is poor, thus medium and low-nickel precursor plants have reduced output significantly in February, resulting in a longer delivery cycle for high-purity manganese sulphate.

 Since the manganese salt plants did not increase production sharply in February, they are not rushing to sell. Therefore, the price is stabley for the time being.