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Magnesium Sulphate

Magnesium Sulphate Price Trend and Forecast

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Magnesium Sulphate Price Trend and Forecast

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Market Overview

For the Quarter Ending September 2021

North America

The overall market of Magnesium Sulphate noted an upward trajectory in the 3rd quarter of 2021 across the North American region. Demand from the downstream agriculture industry remained bullish throughout the third quarter. Furthermore, increased consumption of Magnesium Sulphate in the personal care & cosmetics sector led to a spike in its prices during Q3. In terms of supply, it has remained healthy during this quarter while the tightness of raw material sulfuric acid affected the overall production of Magnesium Sulphate.

Asia Pacific

In the Asia Pacific region, the prices of Magnesium Sulphate witnessed a significant rise during Q3 2021 on the back of the increased demand from the downstream industries. In the Indian market, Magnesium Sulphate offers experienced a continuous surge following strong gains in upstream Sulphuric Acid pricing. Ex-location price was last assessed at USD 184 per MT during September. Strong offtakes from the downstream agricultural and pharmaceutical industry further supported the price rise. In China, raw material sulfuric acid stood high, and most smelters complained that power rationing restrictions hampered the local operating rates. Hence, the Chinese Magnesium Sulphate stocks were priced higher.

Europe

The Magnesium Sulphate market demonstrated an upward trend in the European region during the third quarter of 2021. Increase in upstream Sulphuric Acid prices that is widely used in its commercial production led to a surge in the offers of Magnesium Sulphate across the region. In terms of demand, strong offtakes from the agricultural industry were observed in Q3 which further led to a sturdy increment in Magnesium Sulphate prices.

How we can help

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Magnesium Sulphate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Magnesium Sulphate market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Magnesium Sulphate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Magnesium Sulphate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Magnesium Sulphate market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Magnesium Sulphate are analyzed and region-wise demand pattern is tracked.

About

Magnesium Sulphate is chemical compound made up of elements such as Magnesium, Sulfur and Oxygen and also known as Epsom Salt. It exists naturally as a mineral (Kieserite and Epsomite) as well as found in mineral springs and seawater and industrially can be prepared by reacting magnesium carbonate (MgCO3) or magnesium oxide (MgO) with sulfuric acid. Magnesium Sulphate finds application in several industries such as Pharmaceuticals, Agriculture, Food and Feedstock, Personal Care and Others. It is an essential mineral for body, plays important role in the proper functioning of muscles and nerves. In Pharmaceuticals, Magnesium sulphate is used as a cardiovascular drug, an analgesic, an anticonvulsant, a calcium chain blocker, an anti-arrhythmia, and a tocolytic agent. Additionally, it is prominently used as a fertilizer to prevent the magnesium deficiencies in all sorts of crops and in soil types. Thus, the most lucrative domains of Magnesium sulphate market are Agriculture and Pharmaceuticals.

Product Specific Details

CAS No:	7487-88-9
HS Code:	253020
Grade:	Agri grade, Feed grade, Industrial grade, Food grade and Medicine Grade
Contract Size:	Upto 28 MT
Packaging Type:	Bags

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Incoterms: FOB/CFR/CIF/Ex-Works/ Ex-Location

Countries Covered:

• China

• Japan

• India

• South Korea

• Singapore

• Germany

• France

• Belgium

• USA

• Brazil

• Saudi Arabia

• UAE

• South Africa

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Magnesium Sulphate Price Trend and Forecast