In this year, the economic growth becomes slow, the magnesium carbonate transaction becomes thin as well. However, on the whole, the market requirements for magnesium carbonate is increasing. Affected by it, the magnesium carbonate industry appears expand production upsurge. Therefore, the magnesium carbonate manufacturers should be on guard against excess production capacity.
Affected by slowing economic growth and other factors, it is obvious atrophic for the terminal market requirements, such as chemical, medicine, food and other industries. Therefore, the downstream downstream declines sharply, the market purchasing power decreased obviously, and trading volume is thin. However, Chinese market requirement for magnesium carbonate is rising year by year, and the ascensional range is large.
Because the global magnesium carbonate production capacity is rising fast. What’s more, almost new and expand equipment are focusing on the Asia. Therefore, the competition of Chinese magnesium carbonate market will be more challenging. Hebei Meishen Technology Co., Ltd is the largest pharmaceutical grade and food grade magnesium carbonate manufacturer in China. It can achieve EU standard, the domestic market share is more than 90%. What’s more, it has exported to many countries as Australia and Europe. Welcome to visit the factory!