Demand for magnesium carbonate is strong and prices are soaring

　　Stimulated and driven by the rapid increase in downstream product output, domestic magnesium carbonate in 2021 will generally show a trend of production and sales. In the past few years, China has set off a boom in the expansion and construction of magnesium carbonate, and the production capacity has increased rapidly. Magnesium carbonate prices as a whole are running at a low level, and profit margins are further compressed. Entering 2021, China's magnesium carbonate downstream industry market will gradually recover and warm up, market competition is becoming increasingly fierce, magnesium carbonate demand is strong, prices are soaring, the curtain of industry structure adjustment will be slowly opened, opportunities and challenges coexist.

　　Exports of magnesium carbonate are expected to increase. At present, the global economy is basically showing signs of steady recovery, foreign magnesium carbonate production enterprises new construction, expansion projects have not been reported, so in 2021 domestic magnesium carbonate exports are expected to continue to increase on the basis of the previous year, of which India and some southeast Asian countries and regions demand for magnesium carbonate will show a substantial growth trend, while trade frictions may be more frequent.

　　The structural adjustment of magnesium carbonate is accelerated. In the past ten years, the domestic magnesium carbonate industry has developed rapidly, and some large-scale production enterprises have emerged, and a number of magnesium carbonate production companies with different characteristics, leading products and certain influence have gradually formed, such as Hebei Xintao New Material Technology Co., Ltd., etc., while the regional layout tends to be reasonable, the raw material supporting facilities are gradually improved, and the competitiveness is greatly improved. Therefore, the structural adjustment of the magnesium carbonate industry will show an accelerated trend, bigger and stronger enterprises will gain more market share, while some smaller, backward production technology enterprises will be ruthlessly eliminated by the market, and the survival of the fittest in the entire industry will be completely launched.

　　Comprehensive analysis, the main theme of magnesium carbonate in 2021 will be structural adjustment, and China's magnesium carbonate industry will also gradually develop from a magnesium carbonate country to a magnesium carbonate power in the adjustment.