Magnesium Powder Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

For the Quarter Ending June 2023

 

North America:

The pricing trends of Magnesium Powder in North America during the second quarter of 2023 showed contrasting patterns for Magnesian Oxide and Magnesium Stearate. The prices of Magnesium Oxide initially followed an upward trend until April but dropped significantly in May and June. Fluctuating upstream Magnesium costs and varying demand from industries such as food, pharmaceutical, cosmetic, rubber, and others made the market unstable in April. As we moved further into Q2, the prices of Magnesium Oxide decreased due to weaker consumption in the pharmaceutical, cosmetic, and rubber sectors. The weakened market sentiments for Magnesium Oxide were also supported by the upstream magnesium market until the end of June. On the other hand, the prices of Magnesium Stearate remained low until May, with no significant changes in demand from downstream sectors and a continuous decline in upstream stearic acid costs. However, as the second quarter ended in June, the prices of Magnesium Stearate showed signs of improvement with moderate demand and balanced stockpiles among local suppliers and retailers. The spread chart between upstream stearic acid and downstream Magnesium Stearate widened, showing a negative trend for Stearic and a positive trend for Magnesium Stearate throughout June.

Asia Pacific:

In the Asia Pacific region, particularly China, the prices of Magnesium Powder for Magnesium Oxide and Magnesium Stearate varied during Q2 2023. The pricing trend for Magnesium Oxide, including feed grade and food grade, showed disjointed market trends. Prices for feed grade increased steadily in the first months of Q2 but decreased significantly in the following months due to higher inventories and weakening demand from the feed sector. Prices for food grade showed a positive trend until the middle of Q2, supported by increased downstream demand and insufficient inventories. Manufacturers increased their activities in response to domestic demand and anticipation of international inquiries. However, starting in June, food grade prices decreased sharply due to a decrease in inquiries, impacting overall market sentiments. Trading activity for magnesium oxide was also affected throughout the second quarter due to varying demand-supply dynamics. Additionally, China’s manufacturing sector contracted for the third straight month in June. On the other hand, the prices of Magnesium Stearate showed a downward trend throughout the second quarter, supported by weaker upstream stearic acid costs. Across the APAC region, the average decrement in Magnesium Stearate prices was 6 percent during Q2 2023.

Get Real Time Prices of Magnesium Powder: https://www.chemanalyst.com/Pricing-data/magnesium-powder-1513

Europe:

In Europe, the pricing trends of Magnesium Powder mirrored those of North America throughout the second quarter. Prices for Magnesium Oxide surged in the first half of Q2 due to consistent domestic inquiries, leading traders to raise their quotations. However, as we moved towards the middle of Q2, prices dropped significantly across the domestic market, resulting in higher inventories. Germany’s Consumer Price Index (CPI) also showed a decline in domestic consumption rates. The prices of Magnesium Stearate continued to drop throughout the second quarter, with no additional inquiries witnessed across Germany due to the lack of a positive arbitrage window. Weaker pricing trajectories for upstream stearic acid further supported the downward market trend for Magnesium Stearate in Europe during Q2 2023.

 

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