Since the new century, China’s magnesium carbonate industry has made great progress. China’s annual magnesium carbonate output accounts for one-third of the world’s total output. With the rapid increase in the output of downstream products, China’s demand for magnesium carbonate raw materials has also increased rapidly. At present, China’s annual consumption of magnesium carbonate raw materials accounts for more than 50% of the global total demand. It can be said that China has become the most important part of the global magnesium carbonate industry. The quality of China’s magnesium carbonate market and the progress of China’s magnesium carbonate industry will have an important impact on the global magnesium carbonate industry.
Some people believe that changes in the international trade environment in recent years have led to a slowdown in the Chinese market. However, Hebei Messi Biology Co., Ltd. stated that the impact of Sino-US trade frictions on the market has been overestimated by some people. China’s magnesium carbonate exports to the United States are not highly dependent. The tense trade frictions between the two countries have not only not affected exports to the United States, but American customers have increased their purchases of Chinese magnesite.
From a long-term development perspective, if Sino-US trade frictions escalate, it will indeed have a certain impact on China’s magnesium carbonate market. However, China is optimizing the production process of magnesium carbonate. From the perspective of product structure, China’s exports to the United States are mainly low-end magnesium carbonate, and accelerating the transformation of product economic structure has become a top priority.