Recently, Hebei Messi Biology Co., Ltd. has implemented a price increase for magnesium oxide products, with a large price increase, and some high-end products have increased even more.
The transaction prices in many regions of the domestic magnesium oxide market are slowly rising. As the inventory level of manufacturers decreases, they have gradually entered the ranks of price increases. The mainstream transaction level in the market has risen, which is about 70% higher than the average price at the beginning of the year. After the magnesium oxide market has experienced a running-in period, manufacturers intend to steadily control the market, with digestion and reduction of inventory as the first goal. As the trading atmosphere in the magnesium oxide market gradually heats up, the haze has dissipated, and manufacturers have gradually joined the ranks of pushing up prices, and the dawn has appeared in some areas.
In terms of downstream industries, manufacturers currently have sufficient raw material reserves, and new raw material purchases are relatively light. Enterprises mainly digest inventory products and supply pre-orders. Most manufacturers are preparing to start large-scale purchases at the end of the month. It is expected that the demand for magnesium oxide resources in the future pharmaceutical and food production may increase. The social inventory of China’s magnesium oxide market has been further digested, and the funds flowing into the market have increased recently. A large number of traders have received goods at low prices at the dock. The market trading atmosphere has heated up rapidly, and a new round of magnesium oxide price increases will kick off.
Many high value-added magnesium oxide products in my country still rely on imports. The main problem in the downstream market of magnesium oxide is that there are few varieties and brands, and the development of high-quality and functional products is insufficient. In quite a few high-tech application fields, products provided by foreign companies are still the main ones, and it is difficult for local companies to intervene, especially high-profit downstream deep-processing products rely on imports. Therefore, domestic magnesium oxide companies must accelerate the pace of transformation and upgrading and enter the field of high-end magnesium oxide production as soon as possible.