Magnesium Powder Prices: During the second quarter of 2023 | ChemAnalyst

Chemanalyst19 Sep, 2023Business

The pricing dynamics of Magnesium Powder in the United States exhibited contrasting trends for its two grades, Magnesian Oxide and Magnesium Stearate, throughout the second quarter of 2023. When considering Magnesium Oxide, prices followed an upward trajectory until April, but saw significant declines in May and June. Several factors contributed to this price volatility, including fluctuating upstream Magnesium costs and varying demand from downstream sectors such as food, pharmaceutical, cosmetics, rubber, and others, making the market trend quite unpredictable in April. Moving further into the middle of Q2, prices of Magnesium Oxide experienced a substantial drop due to weakened consumption in the pharmaceutical, cosmetic, and rubber industries.