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European Magnesium Sulphate Market Bears Down as Prices Fall Amid Rising Inventories

European Magnesium Sulphate Market Bears Down as Prices Fall Amid Rising Inventories

Xiang Hong 15-Oct-2024

In the concluding month of the third quarter of xxxx, the Magnesium Sulphate market showcased bearish sentiments in the European region. The market players negatively revised their quotations to improve offtakes amid increased inventory levels in the regional market. Magnesium Sulphate orders were low from the buyers. Buyers were cautiously making purchases as the Consumer Price Index (CPI) for the Euro Area rose by x.xx in September xxxx, down from x.xx in August, indicating an increase and reflecting a continued upward trend in consumer prices. The overall trend suggests a moderating inflation environment, reflecting changing economic conditions and potentially influencing consumer purchasing power and monetary policy decisions.

The consumption rates were stable by the beauty and personal care product manufacturers. Beiersdorf&#xx;s stock hit a temporary peak by mid-xxxx, driven by robust first-quarter results in its Consumer Business Segment and the declaration of an increased dividend. EBIT (excluding...

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