It is reported the magnesium oxide price increases continuously until now. According to the statistics, the magnesium oxide price reaches a record high.
According to the knowledge from Hebei Meishen Technology Co., Ltd, ad professional magnesium oxide manufacturer and supplier, the magnesium oxide capacity from Hebei is sixty percent. Its price is typical. The data display that the magnesium oxide price from Meishen Technology has been rising from the beginning of the year. From the January, the magnesium oxide stays high. From the beginning of the year to now, the amount of magnesium oxide price increase achieves forty percent. Compared with the same period last year, the amount of increase reaches up to seventy percent.
According to experts, in the near future, there are three reasons for the sharply risen of magnesium oxide price.
In the first place, at present, the government intensifies efforts to protect the environment. Therefore, a large number of unqualified magnesium oxide manufacturers and suppliers stopped the production. The decline of production is decreasing.
In the second place, the coming of the traditional chemical products’ peak period, the magnesium oxide lower-reach market is favoured.
In the Third place, the magnesium oxide cost is rising.
In addition, according to an informed source, many foreign magnesium oxide manufacturers and suppliers have entered idling period. It breaks the marketing balance. These factors drive the sharp rises of magnesium oxide price.
All in all, at present, the magnesium oxide is in a state of low production, strong demand and high price. According this leading magnesium oxide manufacturer, during the May, the related manufacturers will benefit a lot from the rising price.