Downstream demand improves, coupled with rising raw material prices, leading companies such as Hebei Messi Biology Co., Ltd. have recently raised the price of magnesium oxide. Industry insiders said that pharmaceutical and food industries are the main application areas of magnesium oxide. Recently, domestic demand for magnesium oxide has gradually recovered, and the industry as a whole is improving.
Hebei Messi Biology Co., Ltd. recently comprehensively raised the sales prices of the company’s magnesium oxide, magnesium carbonate, magnesium hydroxide and other series of products, and the sales prices for domestic customers were increased by 500 yuan/ton. The company will closely track the price trend and supply and demand of magnesium oxide, and timely adjust the price of magnesium oxide products. The comprehensive increase in the sales price of the company’s main products will help further enhance the company’s sustainable profitability, improve the company’s market position and influence, and have a positive impact on the company’s operating results. The company reminds that the duration of the new sales price after this price increase cannot be determined, and there is a risk of product price fluctuations.
Feng Wenjie, general manager of Hebei Messi Biology Co., Ltd., pointed out that the magnesium oxide industry has a relatively obvious seasonal characteristic. Generally, spring and autumn are the peak seasons of the industry, and summer and winter are the off-seasons of the industry. The company’s overseas business momentum is good and has been in full production and sales. Recently, the domestic demand for magnesium oxide has gradually recovered, and the industry is generally improving.
Industry insiders pointed out that domestic magnesium oxide has price advantages and relatively stable supply, and it is expected that the export volume will continue to remain high. Domestic demand still needs to depend on the actual recovery of downstream industries in various places.