SMM Analysis: Seasonal Demand Boosts Manganese Sulfate; H1 2026 Rally Followed by Pullback, H2 Volatility Expected
The high-purity manganese sulfate market staged a segmented performance in the first half of 2026, rallying in Q1 before slipping into corrective volatility in Q2. Q1 prices were buoyed by cost advantages and export policies, while Q2 came under pressure amid slack seasonal demand and expanded supply. Nevertheless, prices avoided a steep decline thanks to persistently high upstream raw material prices and the cushion of long-term orders, only fluctuating within a narrow band.