Magnesium Hydroxide prices in Indonesia market rose notably in the first half of July **** after a strong upward momentum in June. The price increase was mainly due to firm international prices, high freight charges and consistent domestic demand from key downstream industries as the market moved into the third quarter. Both supply side and demand side contributed to the bullish price trend.
In June ****, Magnesium Hydroxide USP CFR Tanjung (Indonesia) was at USD **** per metric ton, up *.*** from the previous month.
The price increase was mainly driven by stronger export offers from major supplying countries especially India. Higher production cost in India combined with tight domestic availability led to higher export prices which in turn increased landed cost for Indonesian importers. Global freight inflation also added to the overall import cost. Although US Dollar slightly...
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