Product
Magnesium Sulfate Price Trend and Forecast
Magnesium Sulfate Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Magnesium Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Magnesium Sulfate Price Trend for the Second Half of 2022
Asia Pacific
An oscillating trend in the prices of Magnesium Sulfate was observed in the third quarter of 2022. The prices suffered majorly due to the fluctuating prices of feedstock material and uncertainties in the demand. The imposition of Covid-19 restrictions aided in these declines and as a result, the downstream market retracted. This also led to a rise in inventories and a strong supply that struggled with the reduced number of offtakes, hence weak economic conditions were prevalent during the concerned period.
Europe
The market for Magnesium Sulfate declined initially in the third quarter, but the prices soared significantly towards the end of the quarter. This price trend was majorly attributed to the persistent energy crises due to the Russia-Ukraine war as it also hampered the trade of raw materials in this region. After an incline in the third quarter, the prices stumbled in the fourth quarter. High rates of energy production, a depreciating currency, and rising inflation rates negatively influenced the price trends for Magnesium Sulfate.
North America
A fluctuating trend in the prices of Magnesium Sulfate was seen in North America. The prices oscillated due to the weak demand from the end-user agriculture industry, raising the inventory levels. The demand somehow improved in the middle of the third quarter with a simultaneous positive impact on the inventories. The fourth quarter was favourable in terms of Magnesium Sulfate prices. The availability of high-priced products from the exporting nations amid uncertain feedstock supply caused the prices to incline in the domestic market.
Analyst Insight
According to Procurement Resource, the prices of Magnesium Sulfate are likely to follow an oscillating trend in the upcoming quarter as the demand from the end-user industries and cost of energy production seems to be uncertain in the foreseeable future.
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.
About
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.
Product Details
| Report Features | Details |
| Product Name | Magnesium Sulfate |
| Industrial Uses | Chemicals, Agriculture, Food additives, Pharmaceuticals |
| Chemical Formula | MgSO4 |
| Synonyms | Heptahydrate Magnesium Sulfate, Magnesium Sulfate, Heptahydrate, Sulfate, Magnesium |
| Molecular Weight | 120.37/mol |
| Supplier Database | PQ Corporation, Umai Chemical Co. Ltd., Laizhou Guangcheng Chemical Co., Giles Chemical |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Magnesium Sulfate from Magnesium Carbonate
In this method, magnesium carbonate is treated with sulfuric acid to produce magnesium sulphate.
Methodology
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).
Table Of Contents
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