Magnesium Powder in USA

 

  • United States: 446 USD/MT

 

The price of magnesium powder in the United States for Q3 2023 reached 446 USD/MT in September.

The latest report by IMARC Group, titled "Magnesium Powder Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of magnesium powder prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

 

Report Offering:

  • Monthly Updates: Annual Subscription
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The study delves into the factors affecting magnesium powder price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/magnesium-powder-pricing-report/requestsample

Magnesium Powder Price Trend- Last Quarter

The magnesium powder market is primarily driven by its diverse applications across various industries, including pharmaceuticals, automotive, construction, and metallurgy. In the pharmaceutical sector, magnesium powder is utilized for its antacid properties and as an essential component in dietary supplements. The automotive industry benefits from magnesium's lightweight properties, which are crucial in manufacturing components to improve fuel efficiency and reduce emissions. Additionally, the construction sector uses magnesium-based materials for fireproofing and insulation. The market's growth is further bolstered by advancements in technology that enhance the efficiency and application range of magnesium powder.

Magnesium Powder Industry Analysis

In Q2 2024, the North American market for magnesium powder showed mixed pricing trends. Magnesium oxide prices faced a significant decline due to an oversupply resulting from increased domestic production and low-cost imports. Weak demand from key sectors like construction and pharmaceuticals, coupled with a potential decline in imports, exacerbated the oversupply situation, further depressing prices. In contrast, magnesium stearate prices surged due to supply chain disruptions, escalating raw material costs, and robust demand across various industrial sectors. Geopolitical tensions and logistical bottlenecks, including issues like the Red Sea dispute and the Baltimore Bridge collapse, contributed to these supply chain challenges, tightening the availability of magnesium stearate.

Additionally, rising stearic acid feedstock costs, despite an earlier decline, continued to influence pricing dynamics. Besides this, the APAC region experienced a consistent decline in magnesium powder prices, driven by reduced demand from downstream industries and an oversupply scenario. The manufacturing sector faced logistical disruptions and increased storage costs, prompting traders to liquidate excess inventories at reduced prices. China's market saw a steady decline due to seasonal shifts, reduced demand from sectors like supplements and rubber, and the appreciating Yuan, which made Chinese exports more expensive.

In Europe, magnesium powder prices also trended downward, with Germany experiencing significant declines due to fluctuating demand across end-user sectors and reduced raw material costs. The market sentiment was dampened by rising freight costs and strategic stockpile releases by enterprises, further exerting downward pressure on prices.

Conversely, South America, particularly Brazil, saw an upward trend. This increase was driven by strong regional and international demand, coupled with a surge in factory activity and new orders, indicating a robust economic environment. The depreciation of the local currency enhanced Brazil's competitiveness in international markets, boosting exports and stimulating demand. Higher input costs also contributed to rising production expenses, leading to overall higher export prices.

 

Regional Price Analysis:

  • Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
  • Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

 

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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