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Manganese Sulfate Price Trend and Forecast
Manganese Sulfate Price Trend and Forecast
Manganese Sulfate Regional Price Overview
Get the latest insights on price movement and trend analysis of Manganese Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Manganese Sulfate Price Trend for the Q1 of 2024
In the first quarter of 2024, the manganese sulfate market in China exhibited notable fluctuations driven by both production challenges and oscillating demand dynamics. In January, production of high-purity manganese sulfate decreased sharply by 24.07% to approximately 16,400 tons compared to the previous month.
Manganese Sulfate Price Chart
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Several manufacturers underwent maintenance shutdowns, impacting overall supply despite increased demand from precursor enterprises stocking up before the holiday season. This constrained production scenario continued into February, with a further decline to around 12,500 tons, as some production units remained cautious amid uncertain market demand post-holidays.
On the other hand, the downstream industries also showcased only modest levels of growth, fueling the skeptical outlook of the market. Initially, the holiday stocking activities raised the prices of salt, but even after the termination of the holiday season, the battery and agriculture sectors failed to depict any positive sentiments.
Overall, the manganese sulfate market in the first quarter of 2024 was characterized by production declines amidst cautious demand patterns influenced by seasonal factors and maintenance schedules. These dynamics contributed to price volatility and supply constraints, shaping market sentiments and traders’ actions across the manganese sulfate supply chain during this period.
Analyst Insight
According to Procurement Resource, the price trend of Manganese Sulfate is estimated to fluctuate under the influence of limited growth of downstream industries and a rise in the number of alternatives.
Procurement Resource provides latest prices of Manganese Sulfate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Manganese Sulfate
Manganese sulfate is an inorganic compound with a pale pink color and odorless crystalline structure. It is highly soluble in water and widely used in agriculture, animal feed, and various industrial applications. In agriculture, it is used to treat manganese deficiencies in soil, promoting healthy plant growth. In animal feed, it ensures proper bone development and metabolic function in livestock. Additionally, manganese sulfate is integral in manufacturing batteries, ceramics, and glass and as a precursor for other manganese compounds. Its use in water treatment helps remove contaminants, improving water quality. The compound's versatility and effectiveness in diverse applications make it a valuable industrial chemical.
Manganese Sulfate Product Details
| Report Features | Details |
| Product Name | Manganese Sulfate |
| Chemical Formula | MnSO4 |
| Industrial Uses | Agriculture, Animal Feed, Battery Production, Textiles, Chemical Industry |
| Molecular Weight | 151 g/mol |
| CAS No. | 10034-96-5 |
| HS Code | 28332940 |
| Supplier Database | Modasa Chemicals, Rech Chemical , Dalong Huicheng, Lantian Chemical Industrial |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Manganese Sulfate Production Process
- Production process of Manganese Sulfate by the chemical reaction of manganese oxide and sulfuric acid: In this acid-base reaction, the metal oxide acts as base which on reaction with sulfuric acid gives manganese sulfate as the primary product and water as the by product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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