The market value of Magnesium Acetate Tetrahydrate has observed an uptrend in August xxxx which was driven by intensified demand across key downstream sectors. The suppliers have responded to tightening of inventories after a period of marginal price movement in July. The buyers which have deferred from procurement earlier have prompted to replenish stocks which amplified the market activity. The seasonal anticipation and policy-driven expansion in India鈥檚 food processing sector have further fuelled the demand of Magnesium Acetate Tetrahydrate. The global supply landscape also contributed to the bullish Magnesium Acetate Tetrahydrate pricing sentiment with China鈥檚 manufacturing capacity showing signs of recovery. It was indicated by a slight uptick in the country鈥檚 PMI which was reported by the National Bureau of Statistics.
The surge in demand was not incidental and reflected a broader shift in downstream consumption behaviour. The Ministry of Food Processing Industries (MoFPI) has approved over...
