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Magnesium Sulphate prices see upward trend in US during mid-Q4 2024

Magnesium Sulphate prices see upward trend in US during mid-Q4 2024

Sasha Fernandes 10-Dec-2024

In November xxxx, the Magnesium Sulphate market showcased bullish movement in the North American market driven by rising production costs and delayed supplies caused by ongoing supply chain disruptions.

The Magnesium Sulphate supplies were limited in the North American market from Asian exporters in the first half of the month due to supply chain disruptions caused by Typhoon Kong-Rey, a consequence of the La Ni帽a phenomenon. The storm, which hit Taiwan on xxst October xxxx moved northward and led to disruptions in container shipping services across the East China Sea on xnd November xxxx. It also led to shortages of raw materials and delays in production. Port congestion and vessel delays in eastern China continue to affect the smooth flow of goods, further hindering supply availability and market players raised Magnesium Sulphate quotations amid firm demand from buyers for procurement purposes ahead of the peak winter season....

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