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The prices of magnesium powder have observed a modest increase across major markets of the globe in October ****. The rise in prices during October was driven by demand-side behaviour. The downstream sectors typically reassess their inventory in October to secure coverage for Q* and into winter.听 The food- and feed-grade consumers have increased their procurement volumes. Buyers of magnesium powder have kept more buffer due to seasonal anticipation as logistics can become difficult in winter which boosted short-term purchasing. The exporters of magnesium powder with steady contract commitments have tightened the offers modestly to protect margins as exporters鈥 inventories have showed short-term tightness after following September鈥檚 lull. The suppliers have adopted a strategic pricing. The small upward adjustments were made which did not choke off the demand but improved profitability by moving larger volumes. The combined influence of domestic buying in India, export market firmness in...
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