1. Battery-grade Manganese Sulfate
Strong cost support drives further price increases.
- Supply: Operating rates stay high, but spot availability is tight with low inventories, some below safety levels.
- Demand: Downstream rigid demand is stable, with most transactions under long-term contracts.
- Outlook: Prices are expected to rise further as high sulfuric acid costs, tight supply and elevated freight persist, supported by steady domestic orders.
2. Battery-grade Trimanganese Tetroxide
Driven by costs and recovering demand, prices edge up.
- Supply: Stable operation, orderly inventory control, no overstock pressure.
- Demand: Downstream lithium manganate demand is improving, with early inventories nearly depleted and restocking interest rising.
- Outlook: Supported by high-priced electrolytic manganese and manganese sulfate, prices will extend modest gains amid improving supply-demand balance.
3. Electrolytic Manganese Dioxide
Steady performance supported by mild rigid demand.
- Supply: Normal operating rates, manageable overall inventories.
- Demand: Post-holiday downstream demand has recovered moderately, supported by persistent rigid procurement.
- Outlook: Supported by high raw material costs and environmental compliance expenses, prices will remain stable with limited fluctuations.
4. Lithium Manganate
Stable in wait-and-see mode, awaiting April demand recovery.
- Supply: Industry operations back to normal, with leading manufacturers maintaining stable production.
- Demand: Market caution persists due to volatile lithium carbonate prices; procurement is restrained.
- Outlook: Short-term prices to stay stable. With expected mild rises in lithium carbonate and a demand recovery in April, prices may inch up.
