Magnesium Oxide Industry Development in 2016

In 2016, magnesium oxide industry in China still faces serious structural problems. On the one hand, traditional magnesium oxide products have excess capacity, on the one hand, shortage of high-end products is very outstanding. So magnesium oxide industry needs transformation eagerly.

At present, the total production of magnesium products significantly more than domestic demand in China, resources, environmental constraints have become increasingly prominent. Relying on extensive development mode of high input, high consumption and low labor costs is still ongoing. At the same time, the industry import and export in a state of trade deficit for many years, and there are serious shortage of resource products and high-end magnesium oxide products.

Although magnesium oxide overcapacity serious, import and export of chemical products are still in deficit. Exports mainly low-end magnesium oxide, while the import is high-end products, transformation and upgrading of industry structure is very urgent. Some enterprises, such as MEISHEN CHMEICAL CO.,LTD, had developed a long-term plan to improve the quality and efficiency, accelerate new product development, expand competitive differentiation. In 2016, magnesium oxide industry will try to improve and optimize the supply ability, develop overseas market, accelerate the pace of transformation and upgrading of enterprises.