Hebei Messi Biology Co., Ltd. stated that 2024 is destined to be an extraordinary year for the magnesium carbonate market. The most direct phenomenon is that the price of magnesium carbonate will soar and the market will be good!
Due to the sharp rise in the price of chemical raw materials and the continuous rise in freight rates in recent years, the changes in the national macro-control policies and the tightening of mining, as well as the continuous increase in environmental protection rectification efforts, ore companies in various places have set off a “shutdown and rectification wave”. Under the new economic and environmental situation, under the influence of a series of policies such as environmental remediation, safety supervision rectification, and mineral resource integration, the supply of mineral products has decreased, causing the company’s production costs to soar sharply.
In 2024, the economic situation remains grim, the price of upstream raw materials continues to rise, and a large number of magnesium carbonate manufacturers without environmental impact assessments are forced to stop production and close, resulting in the upstream and downstream industries of magnesium carbonate undergoing upgrades and transformations, small and scattered enterprises are gradually eliminated, and standardized and qualified enterprises have ushered in development opportunities, and the value of enterprises holding mines and core resources is highlighted.
Hebei Messi Biology Co., Ltd. stated that the competitive landscape of the magnesium carbonate industry in mining, production and market has undergone major changes:
(1) In terms of product supply, affected by the supervision and rectification of mining and production links, scattered and small enterprises have been eliminated, and the competitiveness of enterprises with rich resource reserves, strong technology and standardized management has been significantly improved;
(2) In terms of the downstream market, also affected by environmental protection and safety supervision, the market share of downstream high-quality enterprises has continued to increase, and magnesium carbonate enterprises with a large number of high-quality customers have a more solid advantage in obtaining orders.
With the profound reshuffle of the industry, non-standard enterprises in the magnesium carbonate industry and downstream market industries have been continuously eliminated, and the competitive advantage has been continuously moving closer to the strong in the subdivided industries. The industry is expected to usher in a new pattern of “the weak are eliminated and the strong are stronger”.