After month-on-month of consistent price declines, Magnesium Stearate and Magnesium Oxide grade of magnesium powder have begun to experience a steady rise in prices in January xxxx, according to the market analyst. This upward trend marks a significant shift in the market dynamics, following a prolonged period of price softening due to oversupply concerns and soft demand conditions in late xxxx.
Magnesium Stearate, a widely used excipient in the pharmaceutical and food industries, has gained notable traction with suppliers reporting a consistent uptick in prices during the first week of January. The price increase can be attributed to several key factors, including the resurgence of demand across both the pharmaceutical and dietary supplement sectors. As these industries prepare for higher production volumes in xxxx, Magnesium Stearate&#xx;s role as a critical ingredient in tablet formulation and other applications has become more pronounced, driving renewed purchasing activity. Additionally, the...
