Hebei Messi Biology Co., Ltd. stated that magnesium oxide, as a mineral material for energy conservation and emission reduction and green environmental protection, is widely used in various industries due to its special physical and chemical properties, as well as its low price, wide range of raw materials, and non-toxicity. In particular, the current vigorous advocacy of low-carbon economy, the application field and consumption of magnesium oxide will be broader and grow rapidly.
From the perspective of market application, the demand for high-end magnesium oxide products from downstream enterprises at home and abroad is growing, and the problem of refined and functional development of magnesium oxide products is urgent and inevitable. Compared with developed countries, the application of magnesium oxide in my country is still mainly primary products, and the real value of magnesium oxide application is its deep-processing products, that is, ultrafine, high-purity, surface-modified products. At present, the production and application of high-end ultrafine magnesium oxide in the world are mainly concentrated in the United States, Western Europe and Japan, while my country’s ordinary magnesium oxide products are in surplus and special products are few, which cannot meet the needs of the world market and the domestic high-end market, resulting in a large number of high-priced imported ultrafine magnesium oxide products.
In summary, Hebei Messi Biology Co., Ltd. expects that the global magnesium oxide market demand will continue to grow in 2024, the demand for low-value-added magnesium oxide produced in China remains optimistic, and the demand for high-end products is eager. The international market price will remain slightly higher than the current price.
At the same time, Hebei Messi Biology Co., Ltd. advocates that Chinese magnesium oxide manufacturers should exercise self-discipline, stop competing for low-value-added low-end products at low prices, and develop high-value-added products to replace imports. Taking into account inflation factors, labor and transportation costs, the market price of magnesium oxide in China will rise further, shortening the gap with the world market magnesium oxide price level.