SMM

This week, the price of high-purity manganese sulphate rebounded slightly. On the raw material side, the price of manganese ore imported from Gabon remained firm, and sulphuric acid prices rose slightly, though the increase was limited and has not yet had a significant impact on manganese sulphate. The price of imported coal remained relatively stable, with minimal short-term fluctuations. On the production side, manganese salt manufacturers mostly produced based on orders, and production in Guangxi was relatively stable. On the demand side, the market mainly executed long-term contracts, with limited scattered procurement demand. In December, overseas demand from some enterprises also declined, leading to sluggish overall market transactions. This week, supported by costs, spot prices rebounded slightly. It is expected that sulphuric acid prices will remain stable next week but may decline as market stockpiling ends, thereby weakening the cost support for manganese sulphate, and spot prices may continue to decrease.