Proposal to launch Chinese domestic battery-grade manganese sulfate price
Fastmarkets is proposing to launch a manganese sulfate 32% Mn min, battery grade, ex-works mainland China price assessment to track market dynamics of this new energy raw material
Battery-grade manganese sulfate is the manganese chemical used in lithium-ion batteries, particularly those using nickel-manganese-cobalt (NMC) cathode. The NMC cathode is a significant cathode in the electric vehicle (EV) market.
China is the biggest supplier of battery-grade manganese sulfate, accounting for around 90% of global supply. Market sources expect an increased demand for this battery raw material in the foreseeable future, considering the expanding downstream cathode materials market in the country amid an evolving EV industry.
Therefore, covering battery-grade manganese sulfate would provide insight into this market.
The price assessment would also be highly complementary to Fastmarkets’ existing coverage of new energy raw materials, such as nickel, lithium and cobalt.
The proposed price specifications are as follows:
Assessment: Manganese sulfate 32% Mn min, battery grade, ex-works mainland China, yuan/tonne
Quality: Powder, accepted by buyer for use in battery applications and with the chemical composition Mn 32% min, Fe 0.001% max, Zn 0.001% max, Cu 0.001% max, Pb 0.001% max, Cd 0.0005% max, K 0.01% max, Na 0.01% max, Ca 0.01% max, Mg 0.01% max, Ni 0.005% max, Co 0.005% max, insoluble residue 0.01% max, pH 4.0-6.5
Quantity: Min 32 tonnes
Location: Ex-works mainland China - excludes Taiwan Region, Hong Kong SAR and Macao SAR
Payment terms: Cash, other terms normalized
Publication: Weekly, Thursday 2-3pm London time
The consultation period for the proposed price launch will start on Thursday July 28 and will end one month later on Friday August 26. The proposed launch will take place, subject to market feedback, on Thursday September 1.
To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter to the manganese sulfate price, please contact Ruby Liu by email at firstname.lastname@example.org. Please add the subject heading “FAO: Ruby Liu re: China battery-grade manganese sulfate price assessments.”
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.