Hebei Messi Biology Co., Ltd. stated that the continued economic improvement will promote the supply and demand of the magnesium carbonate industry in the long term. It is expected that after the normalization of the economy in the second half of the year, the inventory capacity will be gradually cleared, and the magnesium carbonate industry will become increasingly healthy, which is conducive to the long-term promotion of the supply and demand of the magnesium carbonate industry. The price of magnesium carbonate will rise further.
In recent years, due to various reasons, some domestic magnesium carbonate companies have always been in a state of suspension and waiting for production. Some of the suspensions lasted for several months, which will further affect the trend of domestic magnesium carbonate raw material prices. Hebei Messi Biology Co., Ltd., a well-known domestic magnesium carbonate industry company, announced an increase in magnesium carbonate prices by about 30%. In addition, some domestic magnesium carbonate companies have limited production due to environmental protection issues, which will lead to further increases in domestic magnesium carbonate prices. As for how long the rise can last, it mainly depends on the trend of upstream raw material prices.
The price trend of magnesite, the main raw material of magnesium carbonate, has a great impact on magnesium carbonate. About 60% of the domestic magnesite market is controlled by Liaoning enterprises. It is reported that due to environmental protection issues, the production capacity of Liaoning enterprises in China is limited to half, and the entire market is in short supply, which will further affect the increase in domestic magnesium carbonate prices.