Since the new century, China’s magnesium carbonate industry has made great development. The annual production of magnesium carbonate in China accounts for one-third of the total global production. With the rapid increase in the production of downstream products, the demand for magnesium carbonate raw materials in China is also increasing rapidly. At present, the annual consumption of magnesium carbonate raw materials in China accounts for more than 50% of the total global demand, it can be said that the current China has become the most important part of the global magnesium carbonate industry. The good or bad of China magnesium carbonate market, the progress of China magnesium carbonate industry development, will have an important impact on the global magnesium carbonate industry.
Some people think that the change of international trade environment in recent years has led to the slowdown of Chinese market. However, Hebei Messi Biology Co., Ltd. said that the impact of trade friction between China and the United States on the market has been overestimated by some people. China’s magnesium carbonate exports to the United States is not dependent on the volume. The tense trade friction between the two countries not only did not affect the exports to the U.S., but the U.S. customers increased the purchase volume of magnesite to China.
From the long-term development, if the trade friction between China and the United States escalates, it will indeed have some impact on China’s magnesium carbonate market. But China is optimizing the production process of magnesium carbonate. From the point of view of product structure, China’s exports to the United States is mainly low-end magnesium carbonate, accelerate the transformation of product economic structure has become a top priority.