Raw material prices, as well as energy costs, have risen dramatically in recent years, influencing the overall cost of magnesium sulphate compounds. China is the world's largest producer of magnesium compounds, and changes in Chinese policy have influenced worldwide magnesium sulphate prices and availability. Because of environmental concerns, a magnesium facility in China was shut down, affecting the price and supply of magnesia. Furthermore, the use of explosives and other machinery in magnesite mines has been restricted by the governments of many nations, resulting in a shortage of raw materials. Prices for high-grade dead-burned magnesia were also rising, owing to strong demand and limited availability. Environmental issues in many places have a continuing impact on high-quality production and costs. As a result of market volatility and availability, the global supply of magnesium sulphate has tightened.
Procurement Resource provides latest prices of Magnesium Sulfate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Magnesium Sulphate for several regions around the globe, which are as follows:
About Magnesium Sulphate:
Magnesium Sulfate, popularly known as Epsom Salt, is an ionic salt. Epsom salt is used to neutralise soil in agriculture. In the cosmetics sector, it's also used. Other uses include pharmaceuticals, alcohol, and the tofu industry.
In this method, magnesium carbonate is treated with sulfuric acid to produce magnesium sulphate.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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