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Magnesium Hydroxide Price Trend and Forecast
Magnesium Hydroxide Price Trend and Forecast
Magnesium Hydroxide Regional Price Overview
Get the latest insights on price movement and trend analysis of Magnesium Hydroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Magnesium Hydroxide Price Trend for the Q1 of 2024
Asia
In the Asian markets, magnesium hydroxide prices experienced fluctuations, mostly trending downward during the first quarter of 2024. The Chinese New Year holidays significantly reduced operational days for factories and filtration units, leading to decreased supply for both domestic and international markets. Additionally, disrupted supply chains due to various disturbances prolonged transportation times along many global trade routes.
Magnesium Hydroxide Price Chart
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The metal and fertilizer industries were also experiencing a slowdown, curbing downstream demand for magnesium hydroxide. The rising energy and processing costs forced manufacturers to reconsider production volumes as existing stocks couldn't be sold favorably. Further, many plants planned maintenance closures, resulting in subdued market sentiments for magnesium hydroxide in Asia.
Europe
The European market for magnesium hydroxide mirrored the low pricing trend seen in Asia. Trade sentiments were weak, and sluggishness in downstream sectors influenced upstream outlooks. Delayed shipments from exporting countries and port congestion exacerbated the situation. Pirate threats further complicated ocean freight logistics, prompting shipping companies to limit their sailing vessels and causing significant shipment delays. Overall, the market performance for magnesium hydroxide in Europe was gloomy.
North America
Reflecting the trends in Asia and Europe, magnesium hydroxide prices remained on a downward trajectory in North America. Weak downstream procurement, especially from the food, pharmaceutical, and agriculture industries amidst high inflation, led to overstocked inventories in the region. Domestic trade for magnesium hydroxide was unsupportive, and international trade faced restrictions due to logistical challenges in the shipping industry. Rising crude oil prices also dampened manufacturers' sentiments throughout the period. Consequently, the price trend for magnesium hydroxide oscillated within narrow margins.
Analyst Insight
According to Procurement Resource, the price trend of Magnesium Hydroxide is estimated to fluctuate under the influence of limited growth of downstream industries and rise in the number of alternatives.
Procurement Resource provides latest prices of Magnesium Hydroxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Magnesium Hydroxide
Magnesium hydroxide is obtained through the precipitation of magnesium salts with alkali hydroxides. The salt is white, amorphous, and odorless with low solubility in water. It is known for its role as a flame retardant and smoke suppressant in industries like plastics, rubber, and textiles, offering a non-toxic and environmentally friendly alternative to traditional halogenated flame retardants.
Magnesium hydroxide also serves as an alkali agent in wastewater treatment processes, where it neutralizes acids and adjusts pH levels effectively. In pharmaceuticals, it acts as a mild laxative and antacid, providing relief from digestive discomforts such as heartburn and indigestion. Its properties make it suitable for various industrial and medicinal applications.
Magnesium Hydroxide Product Details
| Report Features | Details |
| Product Name | Magnesium Hydroxide |
| Chemical Formula | Mg(OH)2 |
| Industrial Uses | Flame Retardant, Automotive Production, Wastewater Treatment, Antacid |
| Molecular Weight | 58.3 g/mol |
| CAS No. | 1309-42-8 |
| HS Code | 28161010 |
| Supplier Database | Martin Marietta Materials Ltd, Tateho Chemical Industries Co Ltd, Nedmag B.V., Xinyang Mineral Group, Osian Marine Pvt Ltd, Timab Magnesium SAS, Premier Magnesia LLC |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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