- Global magnesium sulfate prices moved on a firm-to-stable trajectory in Q1’26, supported by tighter Chinese supply conditions, elevated freight costs, and improving industrial and agricultural demand.
- Feedstock pressure remained firm as magnesium production costs increased due to higher ferrosilicon, dolomite, and energy expenses, while Middle East shipping disruptions raised export logistics costs.
- Downstream demand improved from fertilizers, pharmaceuticals, animal feed additives, personal care, and water-treatment applications, although procurement activity remained cautious in several regions.
Asia
In Asia, magnesium sulfate prices followed a generally upward trend during Q1’26, supported by tighter supply conditions and improving downstream demand. In China, production declined during February due to controlled operating rates and maintenance activity, while inventories remained limited, supporting producer sentiment. China maintained dominance in the global magnesium industry, contributing nearly 950 thousand metric tons out of the estimated global production of around 1.1 million metric tons. Export activity remained firm, with China’s magnesium product exports reaching about 72.7 thousand metric tons during January–February 2026, increasing by nearly 3.4 thousand metric tons year-on-year. Higher freight and insurance costs linked to Strait of Hormuz disruptions increased landed costs across Asian markets.
Europe
In Europe, magnesium sulfate prices remained firm during Q1’26 due to elevated import costs, higher energy prices, and supply-chain disruptions associated with Middle East geopolitical tensions. Increased shipping costs and delayed cargo movements tightened regional availability, while stable demand from agriculture, water-treatment chemicals, pharmaceuticals, and industrial applications supported consumption. However, weak industrial activity and cautious procurement from manufacturers limited stronger upward movement across the quarter.
North America
In North America, magnesium sulfate prices remained stable to firm, supported by consistent downstream demand from agriculture, dietary supplements, pharmaceuticals, and wastewater-treatment sectors. Import dependence exposed the market to higher freight expenses and logistics disruptions caused by the Iran conflict and vessel rerouting around the Strait of Hormuz. Demand from industrial and specialty chemical applications remained steady, although buyers maintained conservative inventory strategies amid continued uncertainty in global trade flows.