Vietnam Magnesium Hydroxide Market Decline continues in Early November Following -1.1% Drop in October

The Magnesium Hydroxide market in Vietnam was soft in the first half of November after a drop in October. Prices went down due to low domestic demand, enough inventory and no urgency for restocking from importers and distributors. Key end use sectors like pharmaceuticals, flame retardants and water treatment were steady but cautious in their procurement and did not push up prices. In October, Magnesium Hydroxide USP CFR Haiphong settled lower due to lower freight cost, stable upstream feedstock, and better port logistics. With predictable inbound shipments, buyers were able to match their purchases with their consumption and did not do any speculative or bulk buying. Suppliers with stable supply and moderate demand adopted competitive pricing to maintain the market. According to market sources, Magnesium Hydroxide prices will go down further in the second half of November 2025. Ample inventory and lower freight cost will increase competition while soft demand and restrained restocking will continue to weigh on the market. Market outlook is bearish with moderate price correction.