In the prime month of xxxx, Magnesium Sulphate prices witnessed a slight decrease of xx in the European region amid sluggish offtakes from the buyers and the afflicted production rates due to stressed availability of feedstock Magnesium supplies.
Previously, the availability of Magnesium supplies was moderate as Chinese players did not want to sell goods at lower costs, and European buyers made their purchases cautiously. Meanwhile, in January xxxx, feedstock Magnesium prices escalated in China amid increased stocking practices by Chinese players before the Lunar New Year holidays. The hike in semi-coke prices further led to an increase in the production costs of feedstock Magnesium. At the same time, supply chain disruption amid ongoing geopolitical tensions, along with increased supply concerns after a missile attack on a ship sailing through the Red Sea in the Middle East region and an increase in ship traffic on The Cape...
