Magnesium Powder Prices Trend and Forecast North America The Magnesium Powder Prices demonstrates a mixed market trend for Magnesium Oxide hearse, a decremented trajectory for Magnesium Stearate throughout the first quarter of 2023. However, prices inclined in January due to healthy domesc demand with limited stocks among the market parcipants. Besides this, consumer demand showed a weaker trend even if the market trend remained on the upper side as February approached, which caused local suppliers and traders to concentrate on placing orders in line with necessies. Also, the decrease in upstream Stearic Acid and oleic acid prices further supported the declining market trend for Magnesium Stearate unl the end of the first quarter of 2023. However, improvement in trade acvity somewhat supported the posive price trend in the market for Magnesium oxide unl the very end of March. Overall, the cost of Magnesium Powder in the United States during the month of March was constructed at USD 440/MT for Magnesium Oxide and USD 2140/MT for Magnesium Stearate. Asia Pacific The first quarter of 2023 saw a mixed market trend for Magnesium Oxide, while the prices for Magnesium Stearate went down unl the end of March 2023. The mood in the Chinese markets began to improve slightly at the beginning of January. Aſter the Lunar New Year, when the government abandoned its zero- COVID policy, both consumpon and producon significantly increased. This was primarily because of beer demand. In contrast, prices for Magnesium Oxide began to decline steadily as February 2023 got underway. Likewise, as February approaches, the Magnesium Stearate Prices started to decrease and connue to end this quarter on a bearish note. This was made possible by a significant decrease in imports owing to a decline in upstream cost as well as a decline in both domesc demands from downstream industries and internaonal inquiries. Overall, the price of Magnesium Oxide was seled at USD 1970/MT in China, with a sturdy market trend in the month of March, while the prices of Magnesium Stearate were assembled at USD 1730/MT. Europe Throughout the first quarter of 2023, the price of Magnesium Oxide shows a mixed market trend and a declining trajectory for Magnesium Stearate. Prices did, however, climb in January as a result of strong domesc demand and low stock levels among market players. Addionally, through the end of the first quarter of 2023, the fall in upstream stearic acid and oleic acid prices reinforced the downward market trend for magnesium stearate. In addion, as February drew nearer, consumer demand exhibited a lower trend even if the market trend remained posive. As a result, local suppliers and dealers concentrated on making orders in line with their needs. However, a lile upck in trade acvity helped to sustain the upward price trend for Magnesium Oxide in March. ChemAnalyst addresses the key problemac areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It idenfies and analyses factors such as geopolical risks, environmental risks, raw material availability, supply chain funconality, disrupon in technology and so on. It targets market volality and ensures clients navigate through challenges and pialls in an efficient and agile manner. Timeliness and accuracy of data has been the core
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