At present, many domestic industries are weakening in demand, and the price war is fierce, production capacity is excess and export is blocked. Industry development is depression, the rate of operation is less than 60%. As the same, it is influence the magnesium oxide industry, and the end demand is difficult to improve in short period.
As for magnesium oxide market, since 2016 year, the price is present down constantly. In short, end demands are difficult to improve in short period. In future, the car industry and manufacturing industry are facing with the pressure of reducing inventory, together with the time of China’s macro economic recovery and the transformation of economic structure, so the future development trend of magnesium oxide industry, is affected by end demand particularly critical.
Recently domestic magnesium oxide enterprises starts work at about 50% on average, present off-season. It is reported that magnesium oxide factory monthly output is in the range of 100 ~ 700 tons. Because the market is depression and less downstream demand, some enterprises opened only half of the production line, and the production changed little. Market instability and rising price of raw material are resulting in the reduction of profits. Magnesium oxide as the main products of Hebei Meishen Technology Co.,LTD in China, we are transforming and upgrading of high-end magnesium oxide. Details you can contact with our online service and there are someone waiting for you reply.