It is reported that magnesium oxide has started to increase in price since last year, and the increase was more obvious at the beginning of this year, and has now reached. In this wave of price increases, not all magnesium oxide companies have made a lot of money. Hebei Messi Biology Co., Ltd. found through interviews with relevant magnesium oxide production and trading companies that the industry has begun to polarize. Under the heavy pressure of environmental protection, many polluting companies have been closed, while large production companies have received orders and their equipment is fully loaded.
Since the beginning of this year, tight supply has caused the price of magnesium oxide to increase by nearly 30%, and it is still difficult to find a product; the main reason is that driven by raw materials, the prices of downstream magnesium oxide, magnesium carbonate and other products have also risen. In the past week, magnesium oxide manufacturers have once again generally raised prices, with a large increase. Under such market stimulation, the equipment of magnesium oxide production companies is fully loaded, or even overloaded.
Hebei Messi Biology Co., Ltd. said, “The price of our products has increased by 30% to 50%, and the equipment has been running at full capacity, or even overloaded. The company’s production has been increasing recently, and many companies have come to the company for negotiations, both foreign and domestic. The goods for December are almost out of stock.” Some downstream distributors also said, “Our company is engaged in magnesium oxide trade and does not directly produce, but now we can’t get the goods. Although our product prices have increased by more than 50%, we can’t even supply old customers. There is really no way!” Most companies said that they are currently suspending order inquiries, and some companies have clearly stated that existing orders have been scheduled to next month.