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Sluggish Purchasing offtakes Decreased Global Magnesium Sulphate Prices in Dec 2023

Sluggish Purchasing offtakes Decreased Global Magnesium Sulphate Prices in Dec 2023

Sasha Fernandes 05-Jan-2024

In the concluding month of xxxx, Magnesium Sulphate prices decreased by x to x percent in the international markets amid depressed demand and procurement activities from the end-user industries. Meanwhile, the Magnesium Sulphate inventory levels were adequately available in the market.

The production rates were firm in significant Magnesium Sulphate producer and exporter China. As per the sources, China&#xx;s Manufacturing Purchasing Manager&#xx;s Index inclined in December xxxx and recorded above xx amid an improvement in new orders and business activities, indicating an expansion in the manufacturing sector activities. Consequently, Magnesium Sulphate supply rates were consistent with the market.

Meanwhile, the shipping activities were slightly affected in the USA. According to the sources, the decrease in the Panama Canal water levels during the past month due to dry weather conditions because of the El Nina effect resulted in a decline in...

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