2016 Magnesium Oxide Industry Meet the Challenges and Seize the Opportunities

2015 has been in the past, looking forward to 2016, magnesium oxide industry is full of challenges and opportunities. As an industry leader, Hebei Meishen Technology Co.,LTD is willing to work with other peer manufacturers together to seize the opportunity, actively meet the challenge. Review of recent six years, the price of magnesium oxide is gradually falling as a whole, and particularly in 2015, which is closely related with the external environment, market supply and demand.

First of all, the economic situation at home and abroad are poorly run. In the country side, not just the chemical market, but many industries have excess capacity, economic growth is slowing. With the addition of federal reserve raising interest rates and RMB devaluation and other policy factors, it has a limit of domestic market. Most of the chemical industries have been affected, and the same with magnesium oxide industry.

Secondly, magnesium oxide itself is not optimistic. Domestic production also soared, although domestic factories in the loss of status, in a timely manner to reduce capacity utilization, the output still reached 80 million tons. But in the case of long-term dependence on imported supplies, import quantity also rose, annual imports 534000 tons, up 7.6% from a year earlier.
After the Spring Festival, although demand has not yet fully recovered, but in the rise in raw material, manufacturer under the action of comprehensive factors such as limit production and demand expected rebound, magnesium oxide market have got better. Meishen Chemical thought that 2016 year will be better than 2015, both factories and dealers need to be well prepared to meet challenges and opportunities.