The global market of Magnesium Acetate Tetrahydrate has recorded an upward movement in June xxxx as prices edged higher in both export and domestic markets. It was driven by a strategic mix of geopolitical uncertainty, volatile feedstock costs and a revived demand outlook from downstream sectors.
This pharmaceutical-grade compound is widely utilized as a stabilizer, buffering agent and mineral supplement in pharmaceutical preparations, nutraceutical formulations and food-grade applications. It has seen renewed price momentum after remaining in downtrend in previous month. The sudden and short-lived conflict between Israel and Iran has created volatility in global crude oil benchmarks, which, despite the brief duration has exerted a significant influence on petrochemical markets. The acetic acid is a core raw material for Magnesium Acetate Tetrahydrate and is heavily dependent on crude oil values, the ripple effect of these tensions quickly firmed Magnesium Acetate Tetrahydrate prices globally.
