The market for Magnesium Sulphate has sustained its firmness, exhibiting a persistent upward price trajectory in May xxxx. It recorded a significant increase of xx.xx, reflecting a steady and gradual ascent driven by robust demand for Magnesium Sulphate outpacing supply. The demand for Magnesium Sulphate in the personal care product industry surged significantly, propelled by a thriving cosmetic sector. In late April, Beiersdorf exhibited strong performance in Qx xxxx, with surge in sales by x.xx. Simultaneously, the pharmaceutical markets in the US and Europe exhibited growth rates of xxx in the first quarter of xxxx. Novartis reported a net sales increase of xxx year-on-year, around xx.xxx billion USD. At the same time, the market experienced inadequate availability of Magnesium Sulphate stocks, caused by the affected operating rates at manufacturing facilities primarily attributed to limited supplies of feedstock Magnesium and Sulphuric Acid.
Fugu Jinchuan, with a Magnesium production...
