The import market of Magnesium Stearate in the US has declined in February **** which was reflecting ample import availability and defensive pricing from the Asian suppliers of Magnesium Stearate that resulted in pressured domestic spot assessments. Early in the month, high operating rates at Indian and Chinese plants supplied a significant share of Magnesium Stearate to the US procurers. The improved container availability in the middle of month has further shortened transit times and alleviated logistical constraints. However, competitive, freight-inclusive CFR offers from Asia has contributed to price decreases which enabled the buyers to schedule earlier deliveries of Magnesium Stearate.
The demand patterns across the various end-user sectors were mixed. The average spot price for Magnesium Stearate USP CFR Texas settled at USD *,***.**/MT, a decline of *.** from January鈥檚 USD *,***.**/MT. The pharmaceutical and OTC formulation continued to provide the principal support...
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