For the Quarter Ending March 2026
Manganese Sulphate Prices in APAC
- In China, the Manganese Sulphate Price Index rose by 15.22% quarter-over-quarter, driven by sulphuric acid cost increases.
- The average Manganese Sulphate price for the quarter was approximately USD 555.00/MT, FOB Shanghai basis.
- Manganese Sulphate Spot Price tightened as producers prioritized contracts, reducing available spot cargo and liquidity.
- Manganese Sulphate Price Forecast shows near-term upward pressure supported by cost-push fundamentals and restocking demand.
- Manganese Sulphate Production Cost Trend remains elevated due to higher sulphuric acid and freight expenses.
- Manganese Sulphate Demand Outlook is strong from battery precursors and fertilizer sectors sustaining firm offtake.
- Manganese Sulphate Price Index strength reflected low inland inventories and steady export enquiries supporting offers.
- Major integrated producers ran operating rates to capture premiums, while smaller units faced inspection curtailments.
Why did the price of Manganese Sulphate change in March 2026 in APAC?
- Elevated sulphuric acid and freight costs increased production expenses, passing through into higher producer offers.
- Tight spot availability from pre-holiday restocking and environmental inspections reduced market volumes, supporting Price Index.
- Geopolitical tensions raised insurance and rerouting costs for acid shipments, tightening feedstock supplies overall.
Manganese Sulphate Prices in Europe
- In Russia, the Manganese Sulphate Price Index rose by 11.6% quarter-over-quarter, supported by firmer imports.
- The average Manganese Sulphate price for the quarter was approximately USD 752.67/MT, per settlement calculations
- Manganese Sulphate Spot Price remained supported by constrained prompt cargoes and steady Chinese export offers
- Manganese Sulphate Price Forecast indicates near-term upside driven by elevated freight and ore cost pressures
- Manganese Sulphate Production Cost Trend shows upward pressure from higher sulphuric acid and energy expenses
- Manganese Sulphate Demand Outlook remains balanced as fertilizer restocking offsets cautious early battery-sector procurement activity
- Inventory levels and steady imports moderated the Manganese Sulphate Price Index despite logistical cost increases
- Merchandise availability improved modestly in February but March tightness sustained seller confidence in firming offers
Why did the price of Manganese Sulphate change in March 2026 in Europe?
- Rising imported ore and sulphuric acid costs elevated landed costs, pushing domestic price index higher
- Elevated freight and insurance from geopolitical disruptions increased logistics expenses, tightening prompt availability and supplies
- Steady downstream demand from fertilizer and emerging battery sectors absorbed volumes, preventing sharp price corrections
Manganese Sulphate Prices in North America
- In the United States, the Manganese Sulphate Price Index showed a moderate increase quarter-over-quarter, supported by rising demand from battery materials and stable industrial consumption.
- Manganese Sulphate Spot Price remained firm as steady EV battery demand and limited domestic production kept supply tight.
- Manganese Sulphate Price Forecast indicates a stable-to-firm outlook, supported by continued lithium-ion battery growth and agricultural demand.
- The Manganese Sulphate Production Cost Trend remained elevated due to higher manganese ore prices, sulphuric acid costs, and logistics expenses.
- Manganese Sulphate Demand Outlook remained strong, driven by EV batteries, fertilizers, and animal feed sectors.
- The Manganese Sulphate Price Index strengthened in March as tightening inventories and rising feedstock costs supported higher offers.
- Import dependence (over 70% of supply) continued to limit supply flexibility and amplify price sensitivity.
Why did the price of Manganese Sulphate change in March 2026 in North America?
- Strong demand from EV battery production increased consumption.
- Elevated raw material costs (manganese ore and sulphuric acid) raised production expenses.
- Tight supply due to import reliance and logistics constraints supported price increases.
For the Quarter Ending December 2025
North America
- The North American Manganese Sulphate Price Index showed a firm to mildly bullish trend during Q4 2025, supported by steady demand from battery materials, fertilizers, and animal nutrition sectors.
- The Production Cost Trend remained elevated throughout the quarter, influenced by higher manganese ore prices, increased processing costs, and sustained freight expenses across the region.
- The Demand Outlook stayed positive, driven by consistent consumption from lithium-ion battery precursor manufacturing and stable demand from agricultural micronutrient applications.
Why did the price of Manganese Sulphate change in December 2025 in North America?
- The Manganese Sulphate Price Index increased in December 2025 due to restocking activity by battery material producers, continued high raw material costs, and limited spot availability caused by logistical constraints.
- The Price Forecast for early 2026 indicates a stable to slightly firm market, as demand from energy storage and electric vehicle supply chains continues to support pricing.
APAC
- In China, the Manganese Sulphate Price Index rose by 6.25% quarter-over-quarter, driven by higher costs.
- The average Manganese Sulphate price for the quarter was approximately USD 481.67/MT, per market sources.
- Manganese Sulphate Spot Price remained thin as contract sales absorbed volumes, constraining open market liquidity.
- Manganese Sulphate Production Cost Trend rose on firmer sulphuric acid and ore, supporting seller offers.
- Manganese Sulphate Demand Outlook appears cautious before holidays, limiting upside reflected in near-term Price Forecast.
- Port congestion and export complexities raised logistical friction, while inventories remained adequate but increasingly earmarked.
- Major producers prioritized contractual deliveries, limited spot selling, and defended pricing to preserve margins firmly.
- Near-term Manganese Sulphate Price Forecast anticipates modest volatility, with recovery potential as restocking resumes soon.
Why did the price of Manganese Sulphate change in December 2025 in APAC?
- Higher feedstock costs, notably sulphuric acid and manganese ore, increased conversion expenses, supporting seller pricing.
- Long-term contract execution absorbed available volumes, constraining spot supply and reducing buyer negotiating leverage materially.
- Logistics, including port congestion and export constraints, and cautious downstream procurement limited December spot demand.
Europe
- In Russia, the Manganese Sulphate Price Index rose by 2.38% quarter-over-quarter, driven by tighter imports.
- The average Manganese Sulphate price for the quarter was approximately USD 674.33/MT, including logistics adjustments.
- Manganese Sulphate Spot Price firmed in December; Chinese export availability tightened and buyers accelerated purchases.
- Manganese Sulphate Price Forecast suggests correction into Q1 2026 as imports normalize and inventories rebuild.
- Manganese Sulphate Production Cost Trend rose on ore premiums and weaker ruble, increasing landed costs.
- Manganese Sulphate Demand Outlook improved due to battery-sector ramp-ups and fertilizer restocking ahead of spring.
- Manganese Sulphate Price Index volatility reflected thin Saint Petersburg stocks and import timing disruptions recently.
- Major domestic plants operated reduced workloads while export demand supported higher offers, limiting spot availability.
Why did the price of Manganese Sulphate change in December 2025 in Europe?
- Tight Chinese export availability reduced shipments, creating immediate supply shortfalls and upward pressure on imports.
- Rising ore premiums combined with weaker ruble elevated landed costs, contributing to higher imported offers.
- Buyers front-loaded purchases ahead of maintenance and banking restrictions, accelerating demand and tightening port inventories.
For the Quarter Ending September 2025
North America
- In United States, the Manganese Sulfate Price Index rose quarter-over-quarter in Q3 2025, influenced by strengthening production cost drivers.
- Production costs increased, with CPI rising 3.0 percent in September 2025 and PPI up 2.6 percent in August 2025.
- Natural gas feedstock costs strengthened year-over-year in Q3 2025, alongside increased industrial electricity costs in August 2025.
- Manganese Sulfate demand faced headwinds as industrial production grew only 0.1 percent year-over-year in September 2025.
- Consumer confidence declined to 94.2 in September 2025, indicating potential bearish pressure on end-use markets.
- Retail sales increased 5.42 percent year-over-year in September 2025, offering some indirect demand support.
- Farm profitability weakened in 2025, negatively impacting Manganese Sulfate demand in the agricultural sector.
- The Manganese Sulfate price trend reflected rising input costs amidst mixed demand signals during Q3 2025.
Why did the price of Manganese Sulfate change in September 2025 in North America?
- Production costs rose due to natural gas strengthening and industrial electricity increases in Q3 2025.
- Weak industrial production (0.1% in September 2025) and declining consumer confidence tempered demand.
- Rising CPI (3.0% in September 2025) and PPI (2.6% in August 2025) contributed to overall cost pressures.
APAC
- In China, Manganese Sulfate Price Index remained stable in Q3 2025, supported by robust industrial output.
- Demand was bolstered by 6.5% industrial production growth year-over-year in September 2025.
- Production costs faced upward pressure from increased sulfuric acid export prices in Q3 2025.
- Manganese ore spot prices fluctuated downward in Q3 2025, influencing Manganese Sulfate production costs.
- China's power battery output surged in Q3 2025, driving Manganese Sulfate demand for EVs.
- The Manufacturing Index contracted in September 2025, indicating reduced industrial activity and raw material demand.
- Consumer confidence at 89.6 in September 2025 suggested pessimism, impacting end-use applications.
- Sulfuric acid inventories tightened by late Q3 2025, contributing to upward feedstock cost pressure.
- The Manganese Sulfate Price Forecast suggests stability, balancing strong industrial demand against broader macroeconomic deflationary pressures.
Why did the price of Manganese Sulfate change in September 2025 in APAC?
- Robust industrial production, up 6.5% year-over-year in September 2025, supported demand.
- Downward fluctuating manganese ore spot prices in Q3 2025 eased some production cost pressures.
- Tightening sulfuric acid inventories and rising export prices in Q3 2025 increased feedstock costs.
Europe
- In Germany, Manganese Sulfate Price Index fell Q3 2025, driven by weak demand and lower production costs.
- Manganese Sulfate production costs decreased in September 2025, influenced by a -1.7% Producer Price Index year-over-year.
- Demand faced headwinds as Germany's industrial production declined 1.0% year-over-year in September 2025.
- The Manufacturing Index contracted in Q3 2025, indicating reduced industrial activity and lower Manganese Sulfate demand.
- European sulfuric acid prices declined moderately in September 2025 due to oversupply, impacting feedstock costs.
- General inflation, indicated by 2.4% CPI in September 2025, exerted upward pressure on operational costs.
- Retail sales increased 0.2% year-over-year in September 2025, offering slight support for consumer-driven applications.
- Stable unemployment at 6.3% in September 2025 provided a neutral signal for consumer spending and related demand.
- Export weakness persisted for the German chemical industry in Q3 2025, limiting trade opportunities.
Why did the price of Manganese Sulfate change in September 2025 in Europe?
- Germany's industrial production declined 1.0% in September 2025, weakening Manganese Sulfate demand.
- European sulfuric acid prices declined in September 2025 due to oversupply, reducing production costs.
- The Producer Price Index (PPI) decreased 1.7% in September 2025, lowering overall manufacturing expenses.
