U.S. Magnesium Powder Prices 2025, Size, Trend, Graph, Chart and Forecast
Throughout the fourth quarter of 2024, the U.S. Magnesium Powder market for both oxide and stearate grades exhibited an overall upward trend, though the last two months saw a steady decline due to supply chain disruptions, seasonal demand shifts, and global economic factors.
In October, import prices continued to rise, driven by increased demand for excipients in food and pharmaceutical tablet formulations. Higher shipping costs from Asia, compounded by logistical challenges at U.S. ports—particularly in New York—along with labor strikes and delays, further escalated expenses. Strategic stockpiling, strong export activity, and rising feedstock costs for stearic acid added to the price pressure. Additionally, global disruptions, including conflicts in Ukraine and the Middle East, as well as fluctuating crude oil prices, further contributed to price increases.
By November, import prices began to decline as increased shipments from China, spurred by competitive production costs and a weaker yuan, made Chinese exports more attractive. High domestic inventories, lower-than-expected demand from the pharmaceutical and food sectors, and improved logistics created downward pressure on prices. However, market sentiment remained cautious as fluctuations in crude oil prices continued to impact production costs.
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In December, the market experienced a persistent decline in import prices due to weak demand from key downstream sectors, including preservatives. Elevated buyer inventories, subdued trading activity, and growing competition from Chinese imports led to a bearish market outlook for Magnesium Stearate.
During the fourth quarter of 2024, the Magnesium Powder food-grade oxide and stearate market in China experienced a significant downward trend, particularly across the broader Asia-Pacific region, with a modest rise at the beginning of the quarter. The feed-grade segment continued to decline steadily throughout.
In October, prices surged due to severe supply constraints and strong demand. A typhoon disrupted shipping operations, leading to delays and increased freight costs, while procurement activity intensified across downstream pharmaceutical, chemical, and excipient sectors ahead of seasonal production requirements. The limited supply of feed-grade stearic acid further strained market availability. Additionally, the depreciation of the Chinese yuan against the U.S. dollar increased import costs, benefiting traders through improved margins but restricting product availability. Major producers faced reduced stock levels, affecting both domestic and international markets.
By November, export prices started declining as demand from key sectors—including pharmaceuticals, personal care, and industrial applications—slowed. Despite high feedstock costs, suppliers prioritized competitive pricing to counter reduced foreign orders, leading to aggressive destocking efforts that exacerbated the oversupply situation. This oversupply, coupled with weak downstream absorption capacity, drove prices down further. The trend continued through December, marking an overall muted trading dynamic across all grades. The prevailing oversupply situation contributed to a pessimistic market outlook, underscoring the necessity for strategic actions such as production cuts or demand-stimulation measures.
Throughout Q4 2024, Germany's Magnesium Powder market, encompassing both oxide and stearate grades, exhibited a fluctuating trend, with initial price increases followed by a decline towards the end of the quarter.
In October, import prices rose due to growing demand in the food and pharmaceutical industries, coupled with elevated shipping costs from Asia. Logistical issues at major German ports, including delays and disruptions, further inflated overall expenses. Strategic stockpiling and strong export activity, along with rising feedstock costs, intensified upward price pressures. However, geopolitical factors, including the ongoing situation in Ukraine and crude oil price fluctuations, added further strain to the market.
By November, import prices began to decline as imports from China decreased. Towards the end of the quarter, prices continued to drop due to weak demand from key sectors, including pharmaceuticals and food additives. Excess inventory levels and increased competition from Chinese exports resulted in a bearish market outlook for both Magnesium Oxide and Stearate grades in Germany. Suppliers focused on clearing their inventories at lower prices across the region, leading to a persistent southerly trend in the market throughout the quarter. Market transactions remained weak as the quarter drew to a close.
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