Magnesium Powder Price Trend and Forecast

North America

During Q3 of 2022, Magnesium Powder values for both Magnesium Stearate and Magnesium Oxide decreased in the North American region. Magnesium Oxide prices decreased from $457/mt to $420/mt from July to September, while Magnesium Stearate prices dropped from $3130/mt to $2830/mt. Due to the heat wave and power shortage, numerous production facilities in China were forced to close during H2 of Q3, and various manufacturing plants went under maintenance, which had a detrimental impact on US trade for Magnesium Powder. Many businesses and industries in the US blamed a variety of problems for the decline in demand, including the long-term effects of high inflation, supply constraints, high-interest rates, and increased uncertainty about the direction of the economy.

APAC

In the Asia Pacific region, the market trend of Magnesium Powder showcased a downward trajectory with Magnesium Oxide (Food Grade) and Magnesium Stearate (FCC) FOB Shenzhen prices falling from $2600/mt and $2595/mt to $1820/mt and $1890/mt from July to September, respectively, in Q3 2022. Low raw material costs, changes in consumer spending, and sluggish end-user sector demand are just a few of the factors that have influenced this price pattern. During the first half, several suppliers only placed orders for immediate use due to the weak offtakes and underwhelming downstream demand. However, after the shutdown, many vitamin manufacturing facilities underwent maintenance, which had an impact on the availability of Melatonin for both domestic and foreign suppliers. This occurred in the final week of July. Extreme weather and power outages both have a severe impact on China's market dynamics.

Europe

Magnesium Powder prices in Germany fell from $/MT to $MT from July to September, indicating a downward trend for the third quarter of 2022. Logistics issues spurred on by persistent transit delays and lengthy port congestion made Germany's economic downturn this quarter worse. The commercial climate in Europe has gotten worse as a result of China's ongoing port restrictions, as well as the unrest in Russia and Ukraine. End-user industry offtakes were low to constant throughout this quarter in terms of demand.

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

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