The price trend for Magnesium Sulphate displayed bullish movement in the USA as import quotations rose noticeably by xx.xx in April xxxx. The export rates from major exporter China experienced a decline, and supplies remained tight from Asian exporters. The key Magnesium Sulphate manufacturers in China, such as Sure Chemical Co., Ltd. in Shijiazhuang, urged their customers to ramp up their purchase orders at the end of February xxxx to mitigate market fluctuations. Subsequently, consumers followed suit and increased their orders, leading to the rise in product prices amid increased production costs.
The production costs of Magnesium Sulphate increased in China amid sluggish availability of its feedstock Sulphuric Acid, propelled by an escalation in demand for agrochemicals from Southeast buyers amid the planting season. Simultaneously, upstream Sulphur availability was affected by the drop in refinery operations followed by the announcement of Crude Oil production cuts by OPEC+...
