In the fourth quarter, the price increase trend of magnesium carbonate manufacturers became more obvious, and domestic and foreign magnesium salt suppliers generally began to plan further price increases.
Hebei Messi Biology Co., Ltd. stated that at present, some high-end magnesium carbonate is in a situation of price but no goods, and the quotations of traders and domestic and foreign suppliers are rising steadily. It is expected that in the fourth quarter of 2024, high-end magnesium carbonate will still not meet normal demand, and there will still be a situation of price but no goods in the future, and the transaction price will gradually rise over time.
In fact, the magnesium carbonate market is currently more concerned about when the price will stop rising. I believe that everyone is more concerned and concerned about this issue. After all, the price of magnesium carbonate has been rising in the past few years. No matter what product, it must follow the rules of the market. If there are certain changes in the downstream market of magnesium carbonate, including the situation of downstream users shutting down or stopping production due to environmental protection issues, then magnesium carbonate will inevitably face the situation of difficulty in sales, and the market will inevitably adjust at that time. Therefore, the downstream demand directly affects the current magnesium carbonate market, but now the economic development is strong, and I believe that the price of magnesium carbonate will not fall.
A survey conducted by Hebei Messi Biology Co., Ltd. shows that the domestic magnesium carbonate price market may continue to be strong. In the short term, the price of magnesium carbonate may continue to rise sporadically after the holiday.