Magnesium Chloride Prices, Chart, Trend, Latest News & Demand

Overview of Magnesium Chloride Price Trend:

Magnesium Chloride Prices are influenced by its wide range of uses, particularly as a de-icing agent for roads and sidewalks during winter. Its effectiveness in lowering the freezing point of water and being less corrosive than traditional salts makes it a popular choice for municipalities and road maintenance. Beyond de-icing, it is also favored for environmental applications such as dust control and stabilizing unpaved roads. In construction, magnesium chloride is essential in producing magnesium oxychloride cement (MOC), which is valued for its strength, durability, and resistance to wear, making it ideal for industrial floors, fireproofing, and other specialized uses. The pharmaceutical sector relies on magnesium chloride for supplements to treat magnesium deficiency and for topical treatments that help with muscle relaxation and pain relief. Additionally, sustainable farming practices have driven demand for magnesium chloride as a soil additive to enhance crop production and improve soil quality.

Magnesium Chloride Prices Trend by Last Quarter:

United States: 575 USD/MT
Netherlands: 520 USD/MT

Factors Affecting Magnesium Chloride Prices Across Regions:

North American Prices Analysis: In the last quarter, North America saw a significant rise in magnesium chloride prices. Increased demand from the chemical and textile industries, recovering after a slowdown, contributed to the price increase. The construction industry also added seasonal pressure on prices, as demand for building materials surged. Supply chain disruptions, particularly in transportation, further strained availability, driving prices upward. Although operations remained steady, concerns over potential monsoon-related impacts created uncertainty in the market, yet the overall price trend remained positive.

Asia-Pacific Prices Analysis: Magnesium chloride prices in the Asia-Pacific region experienced a notable increase during the last quarter. This was mainly due to growing demand from the chemical, construction, and textile sectors. The region's industrial recovery post-pandemic, coupled with seasonal demand for de-icing agents ahead of winter, significantly boosted prices. Additionally, logistical issues contributed to supply constraints. Although manufacturing levels were stable and inventories sufficient, temporary disruptions at major plants due to maintenance issues further fueled the price hike.

European Prices Analysis: Magnesium chloride prices rose considerably in the last quarter. The increase was driven by heightened demand from the agriculture, chemical, and textile industries, along with seasonal activities. Supply chain challenges, especially during the monsoon season, added pressure on prices. However, stable production at key facilities helped mitigate severe shortages, allowing the market to remain balanced despite the price increases.

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Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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