The Magnesium Chloride market in China experienced significant price growth during March xxxx. Studies by ChemAnalyst show that prices had increased by almost xxx compared to the previous month.
This was mainly because of the drastic recovery in domestic downstream Magnesium Chloride demand, particularly from the construction, paints and coatings companies, after the prolonged bearishness in market sentiments during February following the Lunar New Year holidays. The resumption of operations at full-scale across industrial units and steady downstream activity led to the overall growth in Magnesium Chloride market throughout the month.
Business activities in the construction sector occurred at a strong pace, especially in the infrastructure sector. Investments for developing smart cities and green construction initiatives helped in increasing the demand for various construction-related chemicals, including Magnesium Chloride. However, the real estate segment was performing averagely, with the beginning of new projects reducing by xxx...
