China’s Magnesium Oxide industry status Magnesium oxide is an important branch of the inorganic chemical magnesium salt series. Magnesium oxide has a wide range of applications as a basic chemical raw material. With the development of science and technology, many characteristics of magnesium oxide have been re-recognized. The characteristic functions of magnesium oxide have been developed and applied to new scientific fields and new industries, and become an important basic chemical raw material and new material in the national economic construction.
There are not many enterprises producing magnesium oxide in the country. With the rapid development of the national economy, the demand for magnesium oxide is increasing in China, which has promoted the development of magnesium oxide production enterprises and expanded production capacity. The magnesium oxide industry has never been active, and the market is slightly light. On the one hand, affected by bad news such as the European debt crisis, raw material prices continued to be low, and the price of magnesium oxide was difficult to rise. Some producers’ profits fell slightly and the lending was slightly cautious. On the other hand, the overall demand of consumers did not increase significantly as in previous years. In some industries, the operating rate is lower than in previous years.
Therefore, this year’s magnesium oxide production has only increased slightly.
In addition, as domestic small-scale magnesia enterprises are spread all over the country, the production capacity is relatively scattered and the market competition pressure is high, the magnesium oxide industry has entered the bottleneck period. At present, problems such as oversupply, uneven product quality, low profit margins, and slow payment are urgently needed.
Hebei Magnesium Technology Co., Ltd. is a domestic magnesium oxide manufacturer. In the face of the sluggish domestic magnesium oxide industry, Magnesium Company actively promotes the transformation and upgrading of enterprises, and at the same time vigorously introduces foreign advanced production technology, adopts foreign raw materials, and foreign technology. After deep processing of magnesium oxide, it will be exported to foreign markets to promote the economic benefits of the company to a higher level.
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