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.