Magnesium Chloride Prices

Magnesium Chloride Prices June 2024

The magnesium chloride prices in the United States for Q2 2024 reached 600 USD/MT in June. In the April to June period of 2024, the market saw major price increases, largely driven by rising demand in manufacturing, building, and textiles. Periodical demand patterns boosted prices as the industry faced limited supply due to operational limitations, including disturbances in key transportation tracks. The positive building sentiment, as reflected in the United States Manufacturing PMI, emphasized further the optimistic outlook. The quarter ended with sustained price growth, supported by strong requirement, and restricted supply access.

The price trend for magnesium chloride in South Korea for Q2 2024 settled at 180 USD/MT in June. The market witnessed substantial price increases, fueled by demand across construction, fabrics, and compound. Industrial interest rebounded after pandemic, driving demand higher, especially for seasonal building initiatives. Sales actions contributed to price growth, with export limitations amplifying this upward trend. The industry faced limited availability, yet demand remained robust, leading to an optimistic market conditions during the quarter.

In Italy, the magnesium chloride prices for Q2 2024 reached 570 USD/MT in June. The market saw a strong price elevation, supported by requirement from building, textiles, and agricultural sectors. Periodical actions, including de-icing preparations and sowing season, intensified usage, while distribution channel challenges created bottlenecks. Despite wider financial concerns, demand remained high, with prices reflecting positive market sentiment. Italy’s market adapted to logistical disruptions, sustaining a steady pricing trajectory in response to sustained demand.

Magnesium Chloride Prices December 2023

Magnesium chloride prices in the USA plummeted to 575 USD/MT in Q4 2023, owing to feeble demand from industries like textiles and water treatment, a supply-demand imbalance, and poor winter operation rates. Energy costs also contributed to the declining trend. The market encountered issues due to falling prices and oversupply, which were caused by weak demand and seasonal considerations.

Similarly, in the Netherlands, magnesium chloride prices fell in Q4 2023, despite large demand from construction and textile industries. This decline can be accredited to shifting demand for textile and water treatment, and a more balanced supply-demand dynamic. Due to the volatility of energy prices, production costs were also reduced. The magnesium chloride price in the Netherlands was recorded at 520 USD/MT in December.

Regional Coverage

The report provides a detailed analysis of the magnesium chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the magnesium chloride price trend.

Global Magnesium Chloride Price

The report offers a holistic view of the global magnesium chloride pricing trends in the form of magnesium chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of magnesium chloride but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed magnesium chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Magnesium Chloride Price

Q2 2024: 

In the April to June period of 2024, the European industry witnessed robust price growth, majorly due to strong demand across fabric, compound, and agricultural sectors. Seasonal preparations for winter and agriculture fueled higher usage, further supported by expanding manufacturing efforts. Logistical limitations, specifically during the monsoon period, added strain on logistical network, with bottlenecks influencing pricing. Italy led the regional trend with notable cost elevates, as requirement by construction and fertilizer sectors surged, bolstered by seasonal requirements for de-icing and planting. Despite challenges in the broader economy, Italy’s pricing remained resilient. This upward trend reflected the market’s ability to adapt through strategic inventory control, underscoring an enthusiastic rating outlook throughout the quarter.

Q4 2023:

The magnesium chloride market in Europe in Q4 2023 was impacted by elevated demand from the building and textile sectors, restricted supply, and price decreases in the Netherlands. Magnesium chloride prices in the Netherlands fell somewhat in Q4 2023, as demand adjustments in industries such as textiles and water treatment slowed. Energy costs also helped to minimize production expenditures.

This analysis can be extended to include detailed magnesium chloride price information for a comprehensive list of countries.

North America Magnesium Chloride Price

Q2 2024: 

In the April to June period of 2024, the industry experienced rising prices, mainly due to increased requirement by key sectors such as fabrics, compounds, and construction. Post-pandemic industry recovery led to a spike in production across these sectors, along with periodical demand for construction substances and particulates control agents. Distribution network issues also intensified price hikes, with transportation disruptions at critical routes and Panama Canal limiting supply access. The USA market reflected these trends, with prices spiking in response to seasonal demand shifts, buoyed by a strong manufacturing sector. The United States Manufacturing PMI indicated optimism in production, adding momentum to demand. Despite supply challenges, market sentiment remained optimistic, reflecting a continued upward price trend through the quarter, fueled by industrial demand and limited accessibility.

Q4 2023:

In Q4 2023, the North American magnesium chloride market faced problems due to minimal demand from textiles and water treatment industries and a supply-demand imbalance. The United States saw the most dramatic price fluctuations, with 575 USD/MT for December 2023. The market's bearish disposition was affected by variations in energy prices and manufacturing expenses. The market's supply and demand inconsistencies contributed to its downfall.

Specific magnesium chloride historical data within the United States and Canada can also be provided.

Middle East and Africa Magnesium Chloride Price

The report explores the magnesium chloride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on magnesium chloride prices for countries can also be provided.

Asia Pacific Magnesium Chloride Price

Q2 2024: 

The Asia Pacific magnesium chloride market in Q2 2024 saw a steady price increase, driven by rising demand in the textile, chemical, and construction sectors. Post-pandemic recovery spurred industrial activities, and building projects surged, especially in anticipation of winter, raising demand for de-icing products. Supply chain restrictions, with logistical bottlenecks and unplanned plant shutdowns, increased the upward price pressure. South Korea saw some of the region’s highest price shifts, bolstered by domestic industry needs and renewed export activity to Southeast Asia and Japan. Seasonal demand from the construction sector amplified this trend, further driving up prices. Overall, the quarter’s dynamics underscored the market’s resilience, with demand outpacing supply stability, resulting in a strong pricing environment despite occasional operational setbacks.

Q4 2023:

In Q4 2023, the magnesium chloride market in APAC displayed a bullish trend, with the most important developments happening in South Korea. High demand from downstream sectors resulted in scarcity, creating a competitive situation. Crude oil contract prices also pushed up production costs. Dec 2023 witnessed a drop, as energy prices cut manufacturing expenses. Other Asian nations affected the demand in South Korea.

This magnesium chloride price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Magnesium Chloride Price

The analysis of magnesium chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Magnesium Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Magnesium Chloride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of magnesium chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of magnesium chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of magnesium chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing magnesium chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Magnesium Chloride Market Analysis

The global magnesium chloride market size reached 1774.3 thousand tonnes in 2023. By 2032, IMARC Group expects the market to reach 2636.8 thousand tonnes, at a projected CAGR of 4.50% during 2023-2032.

• The increasing demand for magnesium chloride in various industries such as construction, agriculture, and pharmaceuticals is primarily driving the market growth.
• In line with this, the expanding use of magnesium chloride as a de-icing agent for roads and highways, particularly in regions experiencing harsh winter conditions, is fueling the market growth.
• The widespread product adoption for the production of magnesium metal, which finds applications in the automotive and aerospace sectors, is acting as another significant growth-inducing factor.
• Besides this, the growing popularity of magnesium chloride in the healthcare sector for its therapeutic properties, such as its role in wound healing and as a dietary supplement, is contributing to the market expansion.
• Additionally, the escalating demand for magnesium chloride in water treatment applications, owing to its effectiveness in removing heavy metals and impurities, is bolstering the market growth.
• The increasing focus on environmental sustainability spurring the demand for magnesium chloride as an alternative to conventional de-icing agents due to its lower environmental impact is creating a positive outlook for market expansion.
• Concurrent with this, the burgeoning construction industry has heightened the consumption of magnesium chloride for applications such as dust control and soil stabilization, thereby impelling the market growth.
• The thriving agricultural sector's need for magnesium chloride as a fertilizer supplement to improve soil fertility and crop yield is providing an impetus to the market growth.
• Moreover, the rising investments in research and development (R&D) activities aimed at enhancing the production processes and developing novel applications for magnesium chloride are presenting lucrative opportunities for market expansion.
• The surge in government initiatives promoting infrastructure development and sustainable practices, which require the use of magnesium chloride, is influencing market growth.
• In confluence with this, the increasing urbanization and industrialization rates worldwide are boosting the demand for magnesium chloride in various industrial processes, including textile manufacturing and metallurgy.
• Another factor propelling the market forward is the growing awareness among consumers regarding the health benefits of magnesium chloride supplements.
• Furthermore, the rising prevalence of diseases such as osteoporosis and cardiovascular disorders (CVD), which necessitate the use of magnesium chloride-based medications, is aiding in market expansion.

Magnesium Chloride News

The report covers the latest developments, updates, and trends impacting the global magnesium chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in magnesium chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the magnesium chloride price trend.

Latest developments in the magnesium chloride industry:

• In May 2023, Compass Minerals acquired a 55% interest in Fortress North America, a next-generation fire retardant company. This acquisition gave company the complete ownership of all Fortress assets, contracts, and intellectual property.
• In October 2022, Nedmag added a new quality magnesium chloride - Magnesium Chloride Aqua, certified for remineralization of drinking water. This addition aligns with Nedmag's mission to enrich products and processes with high-purity magnesium salt, contributing to people's daily lives and meeting the requirements for treating and producing drinking water.

Product Description

Magnesium chloride is a white solid compound with hygroscopic properties, making it a popular ingredient in several industrial and consumer goods. It is highly soluble in water, having a solubility of around 880 g/L at 20°C, and stable at normal temperature and pressure. Not the less, it reacts with strong oxidizing agents to give hydrogen gas. Magnesium chloride can be produced by reacting magnesium oxide or hydroxide with hydrochloric acid, or by electrolyzing brine.

Magnesium chloride offers an array of uses in the chemical, and agricultural industries as a desiccant to absorb moisture and a flocculant to separate solids and liquids. Besides this, this compound is also used as a firming agent and nutritional supplement in the food industry or as a dust suppressant and concrete additive in the construction business.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of magnesium chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting magnesium chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The magnesium chloride price charts ensure our clients remain at the forefront of the industry.