Skimmed Milk Powder Prices Rise
Global skimmed milk powder prices climbed to their highest level since 2022, driven by strong demand from Asian buyers. The rise is expected to continue into early 2027, supporting higher SMP prices.
Global skimmed milk powder prices climbed to their highest level since 2022, driven by strong demand from Asian buyers. The rise is expected to continue into early 2027, supporting higher SMP prices.
US dairy producers saw butter inventories rise, pushing wholesale butter prices down. Cheese prices also fell, while protein‑rich dry milk products gained. The surplus is likely to keep butter and cheese prices subdued.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Magnesium Sulfate | China | FOB | USD 314.90/MT | October 2026 |
| Magnesium Sulfate | India | CIF | USD 440.60/MT | October 2026 |
| Magnesium Sulfate | USA | CIF | USD 506.62/MT | October 2026 |
| Magnesium Sulfate | Germany | CIF | USD 429.90/MT | October 2026 |
| Magnesium Sulfate | Canada | CIF | USD 516.62/MT | October 2026 |
| Magnesium Sulfate | China | FOB | USD 297.72/MT | September 2026 |
| Magnesium Sulfate | India | CIF | USD 422.72/MT | September 2026 |
| Magnesium Sulfate | USA | CIF | USD 468.72/MT | September 2026 |
| Magnesium Sulfate | Germany | CIF | USD 439.72/MT | September 2026 |
| Magnesium Sulfate | Canada | CIF | USD 478.72/MT | September 2026 |
Stay updated with the latest Magnesium Sulfate prices, historical data, and tailored regional analysis
Asia
In China, average Magnesium Sulfate prices came to ~USD 150/MT in June, while India averaged ~USD 238/MT. Asian markets faced weaker upstream cost support during Q2’26 as Chinese magnesium availability remained ample and downstream buyers limited purchases to immediate requirements. Magnesium ingot quotations softened during the quarter as producer inventories increased and demand from steel and chemical industries weakened, reducing cost pressure on magnesium-based products. At the same time, magnesium supply remained strategically important for international buyers, with concerns over dependence on Chinese supply encouraging greater attention to supply security. Downstream consumption from fertilizers, agricultural applications, animal feed, and industrial chemicals provided support, but cautious procurement restricted stronger gains.
Europe
In Germany, Magnesium Sulfate averaged ~USD 271/MT in June. European markets remained exposed to external magnesium supply conditions as dependence on overseas material increased sensitivity to freight, availability, and sourcing risks. The European Union considered magnesium among the materials for potential strategic stockpiling during Q2’26, reflecting concerns over concentrated supply chains and the need to improve raw-material security. These supply considerations provided some support to procurement costs despite softer upstream magnesium conditions. Demand from fertilizers, agriculture, pharmaceutical formulations, and industrial applications remained the principal consumption base, while cautious industrial purchasing limited stronger movement.
North America
In the USA, average Magnesium Sulfate prices stood at ~USD 305/MT in June, while Canada also averaged ~USD 305/MT. North American markets remained sensitive to imported magnesium availability, with US net import reliance for magnesium exceeding 75%, increasing exposure to overseas supply and freight conditions. Agricultural and fertilizer applications supported baseline demand, while pharmaceutical, animal-feed, and industrial uses provided additional consumption. However, softer upstream magnesium conditions and measured purchasing prevented stronger upward pressure during the quarter.
Analyst Insight
According to Procurement Resource, Magnesium Sulfate markets are likely to remain sensitive to upstream magnesium availability, import dependence, logistics conditions, and agricultural demand.
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Asia
In Asia, magnesium sulfate prices followed a generally upward trend during Q1’26, supported by tighter supply conditions and improving downstream demand. In China, production declined during February due to controlled operating rates and maintenance activity, while inventories remained limited, supporting producer sentiment. China maintained dominance in the global magnesium industry, contributing nearly 950 thousand metric tons out of the estimated global production of around 1.1 million metric tons. Export activity remained firm, with China’s magnesium product exports reaching about 72.7 thousand metric tons during January–February 2026, increasing by nearly 3.4 thousand metric tons year-on-year. Higher freight and insurance costs linked to Strait of Hormuz disruptions increased landed costs across Asian markets.
Europe
In Europe, magnesium sulfate prices remained firm during Q1’26 due to elevated import costs, higher energy prices, and supply-chain disruptions associated with Middle East geopolitical tensions. Increased shipping costs and delayed cargo movements tightened regional availability, while stable demand from agriculture, water-treatment chemicals, pharmaceuticals, and industrial applications supported consumption. However, weak industrial activity and cautious procurement from manufacturers limited stronger upward movement across the quarter.
North America
In North America, magnesium sulfate prices remained stable to firm, supported by consistent downstream demand from agriculture, dietary supplements, pharmaceuticals, and wastewater-treatment sectors. Import dependence exposed the market to higher freight expenses and logistics disruptions caused by the Iran conflict and vessel rerouting around the Strait of Hormuz. Demand from industrial and specialty chemical applications remained steady, although buyers maintained conservative inventory strategies amid continued uncertainty in global trade flows.
Magnesium Sulfate, popularly known as Epsom Salt, is an ionic salt. Epsom salt is used to neutralise soil in agriculture. In the cosmetics sector, it's also used. Other uses include pharmaceuticals, alcohol, and the tofu industry.
MgSO4
Chemicals, Agriculture, Food additives, Pharmaceuticals
Heptahydrate Magnesium Sulfate, Magnesium Sulfate, Heptahydrate, Sulfate, Magnesium
PQ Corporation, Umai Chemical Co. Ltd., Laizhou Guangcheng Chemical Co., Giles Chemical
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
In this method, magnesium carbonate is treated with sulfuric acid to produce magnesium sulfate.
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