For the Quarter Ending September 2025
North America
鈥� In the USA, the Magnesium Sulphate Price Index fell by 2.97% quarter-over-quarter, reflecting softer exports.
鈥� The average Magnesium Sulphate price for the quarter was approximately USD 642.33/MT, publicly reported.
鈥� Magnesium Sulphate Spot Price remained stable while the Price Index softened amid limited coastal demand.
鈥� Magnesium Sulphate Demand Outlook shows muted industrial consumption, keeping the Price Index under modest pressure.
鈥� Magnesium Sulphate Production Cost Trend rose from logistics and feedstock fees, limiting Price Index declines.
鈥� Short-term Magnesium Sulphate Price Forecast suggests range-bound movement, the Price Index staying within tight bands.
鈥� High stocks and rates at producers constrained upward pressure on the Magnesium Sulphate Price Index.
鈥� Weak derivative feedstock demand from fertilizer sectors domestically weighed on the Magnesium Sulphate Price Index.
Why did the price of Magnesium Sulphate change in September 2025 in North America?
鈥� Higher inventories and slower exports reduced buying, pressuring the September Magnesium Sulphate Price Index regionally.
鈥� Stable production and full plant utilization limited disruptions, muting potential short-term Magnesium Sulphate price rebounds.
鈥� Logistics improvements partially offset raw material inflation, producing marginal net movement in regional Price Index.
APAC
鈥� In Indonesia, the Magnesium Sulphate Price Index fell by 13.95% quarter-over-quarter, reflecting weaker export demand.
鈥� The average Magnesium Sulphate price for the quarter was approximately USD 121.33/MT, based on CFR.
鈥� Magnesium Sulphate Spot Price weakness pressured margins while Price Index contraction mirrored lower seaborne demand.
鈥� Magnesium Sulphate Price Forecast indicates limited term recovery as inventories remain elevated and selective buying.
鈥� Magnesium Sulphate Production Cost Trend showed easing from softer feedstock energy and lower freight pressures.
鈥� Magnesium Sulphate Demand Outlook remains muted from fertilizer and pharmaceutical, while downstream restocking stays cautious.
鈥� Magnesium Sulphate Price Index movements tracked reduced port loadings and competitive offers from neighbouring exporters.
鈥� Operational outages at select plants tightened supply but did not reverse the Price Index downtrend.
Why did the price of Magnesium Sulphate change in September 2025 in APAC?
鈥� Reduced export inquiries and slower Indonesian port loadings decreased volumes, weighing on quarter-end Price Index.
鈥� Weaker feedstock pricing and lower freight rates reduced production costs, limiting pass through to prices.
鈥� Higher inventories and selective downstream buying suppressed spot activity, prolonging the Price Index downward momentum.
Europe
鈥� In Spain, the Magnesium Sulphate Price Index fell by 3.37% quarter-over-quarter, reflecting softer domestic demand.
鈥� The average Magnesium Sulphate price for the quarter was approximately USD 563.33/MT, indicating regional equilibrium.
鈥� European Magnesium Sulphate Spot Price softened, applying downward pressure on the broader national Price Index.
鈥� Lower feedstock costs improved Magnesium Sulphate Production Cost Trend, supporting margins amid muted sales volumes.
鈥� Short-term Magnesium Sulphate Demand Outlook remains weak as fertilizer and industrial demand experienced seasonal downtick.
鈥� Near-term Magnesium Sulphate Price Forecast sees limited upside without stronger export orders or plant outages.
鈥� Moderate inventories and subdued export demand constrained recovery, limiting upward pressure on contract settlement levels.
鈥� Logistics remained stable, though local distribution delays intermittently affected spot trading and Price Index readings.
Why did the price of Magnesium Sulphate change in September 2025 in Europe?
鈥� Reduced domestic procurement lowered spot demand, contributing to the September downward movement in Price Index.
鈥� Lower feedstock pricing reduced producer costs, while logistics bottlenecks intermittently pressured transactional settlement levels moderately.
鈥� Elevated inventories and subdued export orders capped recovery, keeping short-term Price Index movements constrained overall.
For the Quarter Ending March 2025
North America
In Q1 2025, the North American Magnesium Sulphate market witnessed a mixed price trend, shaped by global supply fluctuations, trade policy uncertainty, and shifting downstream sector dynamics. The quarter opened with marginal price growth amid steady demand from the pharmaceutical and cosmetics industries and tight feedstock Sulphuric Acid supply, driven by robust fertilizer demand.
Mid-quarter marked a sharp downturn in prices, influenced by lower feedstock costs, increased inventories in key Asian producer and exporter, China, following the Chinese Lunar New Year, and ongoing global trade disruptions, including tariffs and slower export growth from key suppliers. Despite this, the U.S. cosmetics sector sustained moderate growth, and the pharmaceutical sector remained resilient, supported by innovation and supply chain investments.
At the end of the quarter, prices rebounded slightly, as constrained production in Asia, exacerbated by strong agrochemical demand and port congestion, tightened supply. Magnesium Sulphate鈥檚 exemption from new U.S. tariffs helped maintain availability, while steady demand across therapeutic and skincare applications contributed to market stability. Overall, the quarter closed on a firm note, with consistent demand supporting a recovery in price momentum after mid-quarter softness.
APAC
In the first quarter of 2025, the Asian Magnesium Sulphate market witnessed a volatile price trend shaped by changing feedstock dynamics, seasonal agricultural demand, trade policy shifts, and consistent downstream sector activity. January began bullish as rising Sulphuric Acid prices fueled by fertilizer sector demand raised the production costs. Domestic and export demand held firm, especially from the pharmaceutical and cosmetics sectors, as wellness-focused magnesium creams gained popularity. However, February marked a downturn due to the post-Spring Festival slowdown, elevated inventories, and easing magnesium powder feedstock costs. Geopolitical tensions and newly imposed U.S. tariffs further strained global trade, contributing to bearish sentiment. Despite these pressures, demand remained stable, particularly from evolving personal care trends and biotech advancements. March saw a sharp rebound, driven by low Sulphuric Acid availability due to agrochemical demand and maintenance outages, coupled with intensified logistical disruptions such as port congestion and volatile freight rates across Asia. Strong cosmetic and pharmaceutical sector activity in markets like India and South Korea sustained bullish demand. Overall, Q1 concluded with a recovery-led firming trend, propelled by steady end-use consumption and persistent supply-side constraints.
Europe
In Q1 2025, the European Magnesium Sulphate market experienced a dynamic landscape marked by shifting supply chain conditions, changing feedstock availability, and steady demand from key downstream sectors. The quarter began on a bullish note, with Magnesium Sulphate demand supported by constrained Sulphuric Acid feedstock availability and stable consumption in the pharmaceutical and cosmetics industries. Growing interest in wellness and magnesium-based personal care products further enhanced market sentiment. In February, the Magnesium Sulphate market saw a dip in confidence due to adverse weather, port strikes, and rising inventory levels, which, combined with weakening global demand, led to easing feedstock costs. Despite these setbacks, the cosmetic and pharmaceutical sectors maintained moderate demand, anchoring the market. By March, the Magnesium Sulphate market witnessed a rebound, with tightening supply conditions caused by persistent logistical bottlenecks at major European ports, rerouted vessels, and extended delivery schedules. While feedstock pressures relaxed, the consistent demand for Magnesium Sulphate across therapeutic and personal care formulations stabilized the market. Overall, Q1 2025 closed with a stable-to-firm outlook, driven by reliable downstream consumption and ongoing supply chain challenges impacting availability across Europe.
For the Quarter Ending December 2024
North America
In the North American market, the Magnesium Sulphate market experienced a noticeable 6% decline in prices during the fourth quarter of 2024 compared to the previous quarter. This decrease was primarily driven by a combination of moderate demand and supply-side challenges. The market saw an adequate availability of previous stocks, which resulted in low offtakes from buyers. Specifically, in the food sector, consumption remained steady, but there was little to no growth, limiting any upward price pressure.
On the production side, the production rates in the exporting country remained stable, yet the availability of key feedstocks like sulfuric acid faced some disruptions. The rise in crude oil prices, due to geopolitical tensions and supply chain bottlenecks, placed additional upward pressure on production costs for sulfuric acid, although the market was still able to maintain regular output levels.
Meanwhile, export volumes remained moderate, with a drop in U.S. imports. The agrochemical sector showed stable demand, but the horticulture sector鈥檚 demand was lower due to the winter season. Overall, these factors combined to push prices down by 6% during the quarter, reflecting a slight imbalance between supply and demand in key sectors.
APAC
During the fourth quarter of 2024, the Magnesium Sulphate market witnessed a 3% decrease in prices compared to the previous quarter in the Asian region, driven by a combination of supply and demand factors. The decline in prices was largely attributed to the availability of sufficient stocks from earlier months, leading to moderate to low offtakes from buyers. Despite stable production levels, feedstock Sulphuric Acid prices experienced upward pressure due to higher demand from the agrochemical sector, affecting production costs. Supply chain disruptions, especially from Typhoon Kong-Rey, which hit Taiwan in late October and caused significant delays and port congestion in eastern China, further exacerbated the price decline by limiting the smooth flow of goods. Exports to the Far East, which were already facing a downturn, saw a notable reduction and indicated weakened regional trade dynamics. On the demand side, consumption in the food sector remained stable, while the cosmetics sector exhibited mixed trends. Although the personal care sector showed signs of recovery, subdued consumer spending kept demand for Magnesium Sulphate in check. Ultimately, these factors contributed to a 3% reduction in Magnesium Sulphate prices over the quarter.
Europe
In the European region, the Magnesium Sulphate market experienced a substantial price decrease of approximately 10% compared to the previous quarter, reflecting bearish market conditions during the fourth quarter of 2024. This drop in prices was primarily driven by the availability of stocks accumulated from prior months, leading to moderate demand and lower-than-expected offtakes from buyers. Production levels of Magnesium Sulphate in key producing regions like APAC remained stable, but export activity continued to struggle, particularly in Europe, which faced a prolonged economic slowdown. Supply chain disruptions played a significant role in the market's dynamics. Rising production costs were driven by increased feedstock Sulphur prices and higher crude oil costs, impacting the cost structure of Magnesium Sulphate production. Additionally, logistical challenges, such as rail congestion and port delays, added further pressure on the supply side. Despite steady demand in the agrochemical and cosmetics sectors, which helped partially stabilize the market, overall Magnesium Sulphate prices saw a notable decrease of 10% during the quarter.
For the Quarter Ending September 2024
North America
In Q3 2024, the Magnesium Sulphate price trend oscillated in the North American region, showcasing moderate sentiments in the market. At the beginning of the quarter, prices witnessed a notable increase, driven by a combination of factors influencing the market dynamics. Factors such as steady demand, limited supplies, and cost support from upstream Sulphur and feedstock Sulfuric Acid contributed to the overall bullish market sentiment, highlighting a stable and robust pricing landscape for Magnesium Sulphate in the region.
In the middle of the third quarter, Magnesium Sulphate production rates were hampered because of the stressed availability of feedstocks in the region. The offtakes were moderate, and market players raised their quotations. The correlation in price changes demonstrated a positive sentiment, with an almost 3% increase in mid-Q3.
Towards the end of Q3, the impact of Hurricane Helene resulted in reduced manufacturing activities and demand from end-user industries and an increase in domestic stockpiles. The market players reduced their quotations. The quarter-ending price in the USA stood at USD 695/MT of Magnesium Sulphate CFR USGC and the overall quarter-on-quarter percentage surge of 24% further solidified this growth trajectory in Q3 2024.
APAC
Like the North American region, the Magnesium Sulphate price trend in the APAC region has been characterized by a fluctuating pricing environment. The quarter has witnessed a significant surge in demand for Magnesium Sulphate from various industries, particularly the cosmetics and personal care sectors. This uptick in demand, coupled with moderate supply levels, led to a bullish market sentiment. Additionally, cost support from feedstock Magnesium and Sulfuric Acid contributed to the rise in production costs, further influencing the pricing trend. Plant shutdowns, such as Fugu Jinchuan's suspension of magnesium smelting operations impacted the feedstock Magnesium Oxide availability to produce Magnesium Sulphate during the period. However, towards the end of the quarter, the Magnesium Sulphate price trend shifted movement and prices witnessed a decline due to improved inventory levels in the region.听 At the same time, the resumption of Crude Oil supply from Libya in September 2024 resulted in increased refinery run rates and upstream Sulphur and feedstock Sulfuric Acid supplies availability, which negatively impacted the production costs. The quarter-ending price for Magnesium Sulphate FOB Qingdao in China stood at USD 95/MT after an 8% increase in previous quarter prices, reflecting the overall positive pricing environment and upward trend in market prices.
Europe
In Q3 2024, the Magnesium Sulphate market in the European region has been characterized by a fluctuating pricing environment. At the beginning of the quarter, prices showcased an upward movement, as the demand was firm from the key downstream pharma sector, while the manufacturing activities were low amid labor shortages during summer holidays in the region. Reduced production with a consistent decline in the Eurozone Manufacturing PMI Index resulted in low supplies to the market and stressed the inventory levels amid firm offtakes. Supply-side dynamics also played a role, as supply availability was moderately low during the summer holidays creating imbalanced demand-supply dynamics. Yet demand failed to match this increase, as The Eurozone's beauty sector demand continued to remain robust, significantly impacting Magnesium Sulphate consumption. Seasonality played a role as summer holidays resulted in labor shortages and reduced manufacturing rates, impacting supply chains. Additionally, concerns about a potential recession in the US affecting the international crude oil market and refinery operations have led to a shortage of upstream Sulphur and feedstock Sulfuric Acid supplies, impacting Magnesium Sulfate production rates. Conclusively, the quarter concluded with Magnesium Sulphate priced at USD 583/MT FD Rotterdam in the Netherlands, after an overall notable surge of 25% in the last quarter's prices, indicating a consistent upward trend.
