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Magnesia Price Trend and Forecast

UNSPC code: 51132235
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

magnesia Price Trends by Country

cnChina
nlNetherlands
usUnited States
inIndia

Global magnesia Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Magnesia price assessment:

  • D.B. 90%min.(3-15mm) FOB Sanghai, China
  • D.B. 95%min.(0-30mm) FOB Sanghai, China
  • D.B. 90%min.(3-15mm) CIF Nhava Sheva (China), India
  • D.B. 95%min.(0-30mm) CIF Nhava Sheva (China), India
  • D.B. 90%min.(3-15mm) FD Rotterdam , Netherlands
  • D.B. 95%min.(0-30mm) FD Rotterdam , Netherlands
  • D.B. 90%min.(3-15mm) CIF Houston (China), USA
  • D.B. 95%min.(0-30mm) CIF Houston (China), USA

Magnesia Price Trend Q3 2025

In Q3 2025, the global magnesia market experienced a negative price trend driven by decreased demand from key sectors like steel and cement, which rely heavily on refractory grade magnesia. Oversupply, rising energy and production costs, and inventory build-up further pressured prices downward.

Furthermore, stricter environmental regulations and geopolitical trade uncertainties, notably from major producers like China, added to market instability. While high purity and specialty magnesia segments remained relatively stable, overall market sentiment turned bearish, with producers experiencing tightening margins and cautious buyer activity.

China

Magnesia Export prices FOB Shanghai, China, Grade D.B. 95%min.(0-30mm).

In Q3 2025, the magnesia price trend in China showed a modest 1.26% decline compared to Q2, reflecting a slight decrease in market demand, specifically from downstream sectors such as steel and refractories. The decline was driven by reduced industrial activity, rising inventories, and increased export competition, though prices remained relatively stable due to production cost pressures and environmental regulations decreasing supply expansion.

While the market showed slight bearish sentiment, the overall price movement was controlled, signalling cautious buyer behaviour rather than aggressive sell offs, with future trends likely hinging on industrial recovery or policy shifts. Magnesia prices in China remained stable in September 2025 due to balanced supply and demand dynamics in both domestic and export markets. Additionally, steady raw material costs and limited policy changes contributed to price stability throughout the month.

India

In Q3 2025, the price trend in Indian magnesia market witnessed a modest 1.33% decline in demand compared to Q2 2025, driven by softened consumption from key end use sectors such as steel, refractory, and ceramics. The magnesia price trend remained relatively stable to slightly bearish, influenced by easing raw material and energy costs, stable import flows, and cautious buyer sentiment. While domestic supply remained stable, light inventory build-up and competitive pricing especially from imported grades added downward pressure.

Overall, the market showed resilience, but subdued industrial activity and macroeconomic headwinds limited growth, with expectations for gradual stabilization in Q4. Magnesia prices in India remained stable at 0% change in September 2025 due to balanced supply and demand dynamics in both domestic and international markets. In addition, steady input costs and consistent industrial consumption helped maintain price equilibrium throughout the month.

Netherlands

In Q3 2025, the price trend for Netherlands magnesia market is expected to experience a slight downturn, with prices declining by approximately 0.97% compared to Q2 2025. This modest decrease mirrors a softening demand in key sectors such as steel and refractory industries amid broader economic uncertainties, while supply side constraints limit sharper price drops.

The overall magnesia price trend indicates a slight correction rather than a steep decline, with expectations of stabilization or gentle recovery in the coming quarter, supported by steady demand for specialty grades and caustic calcined magnesia in chemical and agricultural applications.

Magnesia prices in the Netherlands remained stable in September 2025 due to balanced supply and demand dynamics in both domestic and European markets. Furthermore, steady industrial activity and stable raw material costs contributed to price consistency during the month.

USA

According to PriceWatch, In Q3 2025, the price trend of U.S. magnesia market saw a slight 0.89% decrease in price compared to Q2, driven by a combination of improved domestic supply, shifting demand from key industries like steel and cement, and evolving geopolitical factors affecting trade.

This slight decline in the magnesia price trend mirrors market adjustments amid balanced demand, with expectations for prices to steady as infrastructure investments and technological advancements continue to support the sector.

Magnesia prices in the USA remained stable at 0% change in September 2025 due to a balanced supply and demand scenario, where consistent production met steady consumption levels. No significant disruptions in raw material availability or market regulations occurred, maintaining price equilibrium.

Magnesia Price Trend Analysis: Q2 2025

According to the PriceWatch, In Q2 2025, magnesia prices fell by approximately $257.65 per metric ton, FOB Shanghai marking a 2.5% decline driven by a mix of geopolitical tensions and tariff pressures. Ongoing trade disputes, particularly involving China the leading magnesia exporter have led to higher export tariffs and retaliatory trade measures, disrupting global supply chains.

At the same time, demand from key sectors like steel and refractory materials softened, contributing to excess inventory and prompting price cuts. U.S. and EU tariffs on Chinese minerals further compounded costs, discouraging imports and weakening buyer sentiment.

Energy price volatility, especially in high temperature processing regions, increased production costs but failed to support prices due to lacklustre demand. As a result, producers were forced to lower prices to maintain competitiveness amid an uncertain global trade environment, causing the noted price drop. The market remains under pressure, navigating fragile supply demand dynamics and unpredictable policy shifts. 

According to the PriceWatch, In Q2 2025, magnesia prices in India declined sharply by $305.95 per metric ton, CIF Nhava Sheva (China) or 11.71%, due to a confluence of geopolitical and tariff related pressures. As U.S. China trade tensions escalated, excess Chinese magnesia was redirected to Indian markets, creating a temporary oversupply.

Simultaneously, India’s imposition of anti–dumping duties on steel and related products reduced demand from downstream sectors like refractories and construction. Ongoing tariff adjustments such as India’s reduction of certain peak import duties fuelled uncertainty, prompting traders to offload stock ahead of potential U.S. retaliation.

Moreover, domestic demand remained subdued due to slower infrastructure activity and cautious buying sentiment. With increased availability and weaker consumption, Indian suppliers were forced to cut prices to maintain competitiveness. The steep decline reflects the broader impact of trade disruptions and market rebalancing in the face of uncertain global and regional policy shifts. 

In the first quarter of 2025, magnesia experienced a significant price increase of $345 per metric ton, FOB Shanghai representing a 14.24% rise compared to the previous period. This upward trend reflects tightening supply conditions and growing demand across key industrial sectors such as steel manufacturing and refractory applications. The price surge may also be influenced by rising raw material costs and logistical challenges.

As a result, producers of magnesia are likely benefiting from improved margins, while consumers may face higher input costs, potentially driving a shift towards efficiency and alternative materials in the short term. Overall, the market dynamics suggest a robust demand environment coupled with supply-side constraints sustaining the price momentum into the early months of 2025. 

In Q1 2025, Magnesia India experienced a slight decline in pricing, with the price per metric ton decreasing by $427.36, CIF Nhava Sheva (China) representing a 0.66% drop. This modest reduction suggests a relatively stable market environment, possibly influenced by minor fluctuations in demand or supply dynamics within the industrial minerals sector.

Despite the decrease, the limited percentage change indicates that the overall market sentiment remains steady, reflecting consistent consumption patterns and moderate competitive pressures.

Moving forward, stakeholders may need to monitor external factors such as raw material availability, global economic conditions, and policy shifts that could further impact pricing trends in the magnesia market. 

Magnesia Price Trend Analysis: Q4 2024

In Q4 2024, the magnesia market is expected to experience a price increase of $302 per metric ton, FOB Shanghai representing a modest rise of approximately 0.44%. This slight price uptick suggests a stable demand environment with only marginal inflationary pressures affecting costs.

The increase may be driven by factors such as incremental raw material costs, supply chain adjustments, or modest growth in end-user industries like steel manufacturing and refractory applications. Overall, the price movement indicates a relatively steady market outlook, with no significant volatility anticipated in the near term. 

In Q4 2024, Magnesia India experienced a notable price increase of $430.21 per metric ton, CIF Nhava Sheva (China) representing a 1.51% rise compared to the previous quarter. This incremental growth indicates a steady demand and tightening supply dynamics in the magnesia market.

The price uptick, although moderate, reflects underlying factors such as increased production costs, supply chain constraints, or heightened industrial demand, particularly from sectors like refractory, steel, and chemical industries. Overall, the positive price movement suggests a stable market outlook for Magnesia India, with potential for sustained growth if current market conditions persist. 

In Q3 2024, magnesia experienced a notable price decline, dropping by $300.66 per metric ton, FOB Shanghai which corresponds to a marginal decrease of approximately 0.04%. This slight reduction in price suggests a relatively stable market with minimal volatility, likely influenced by steady supply-demand dynamics or minor shifts in production costs.

While the absolute dollar drop seems significant, the percentage change indicates that the overall market sentiment for magnesia remained largely unchanged, reflecting a balance between industrial demand particularly from refractory, steel, and chemical sectors and supply conditions during this period. 

 

In Q3 2024, Magnesia India experienced a notable price increase of $423.81 per metric ton, CIF Nhava Sheva (China) marking a 3.29% rise compared to the previous quarter. This uptick reflects sustained demand pressures and potential supply constraints in the magnesia market.

The price growth indicates positive momentum for producers, likely driven by increased industrial activity and raw material cost inflation. Such a moderate yet significant price increase suggests confidence in market fundamentals, positioning Magnesia India favorably for revenue growth while also signaling potential cost challenges for downstream consumers. 

In Q2 2024, magnesia experienced a notable price increase of $300.77 per metric ton, FOB Shanghai representing a 6.49% rise compared to the previous quarter. This upward trend reflects tightening supply conditions and growing demand in key industrial sectors such as refractory manufacturing and steel production.

The price surge underscores ongoing market dynamics, including raw material scarcity and rising production costs, which are likely to sustain higher price levels in the near term. Consequently, stakeholders should anticipate continued volatility and adjust procurement strategies accordingly to mitigate cost pressures. 

In Q2 2024, Magnesia India experienced a significant price increase, with prices rising by $410.3 per metric ton, CIF Nhava Sheva (China) marking a 7.28% growth compared to the previous quarter. This upward trend reflects strong demand dynamics and potential supply constraints within the magnesia market.

The price hike suggests improving market conditions and possibly higher production or raw material costs being passed on to buyers. Overall, the 7.28% increase indicates a positive momentum for Magnesia India, potentially enhancing revenue prospects and signalling robust market confidence for the near term. 

In the first quarter of 2024, the magnesia market experienced a notable price decline, with prices dropping by $282.44 per metric ton, FOB Shanghai representing a 3.16% decrease compared to the previous quarter. This reduction reflects shifting market dynamics possibly driven by factors such as changes in raw material availability, decreased demand in key industries like refractory and steel manufacturing, or increased supply from major producers.

The price drop may signal a temporary oversupply or weakening in consumption trends, prompting stakeholders to closely monitor production adjustments and inventory levels in the upcoming months to better understand the market’s trajectory.

In the first quarter of 2024, Magnesia India experienced a notable price increase of $382.47 per metric ton, CIF Nhava Sheva (China) reflecting a 6.41% rise compared to the previous quarter. This upward adjustment highlights strengthening demand and possibly tightening supply conditions in the magnesia market, driven by factors such as increased industrial usage and raw material cost pressures.

The price hike indicates improved revenue potential for producers but may also signal cost challenges for downstream industries relying on magnesia. Overall, this quarter marks a positive trend for Magnesia India, suggesting a cautiously optimistic outlook amid evolving market dynamics. 

Technical Specifications of Magnesia Price Trends

Product Description

Magnesia, also known as magnesium oxide (MgO), is a versatile inorganic compound widely used in refractory, construction, and chemical industries. It is valued for its high melting point, excellent thermal conductivity, and strong resistance to chemical corrosion. Magnesia is primarily used as a refractory material in furnaces, kilns, and reactors, providing insulation and protection at high temperatures. Additionally, it serves as a key ingredient in agricultural lime, pharmaceuticals, and environmental applications, contributing to soil health, medicine, and pollution control.

Identifiers and Classification:

HS Code – 251990

Magnesia Grades Specific Price Assessment:

D.B. 90%min.(3-15mm)

D.B. 95%min.(0-30mm)

Magnesia Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 200-300 MT
  • Packaging Type (Product & Country Specific): 1MT Bag


Incoterms Referenced in Magnesia Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  China  Magnesia Metal Export price from China 
CIF Houston (China)  USA  Magnesia import price in USA from China 
FD Rotterdam  Netherlands  Domestically Traded Magnesia price in Netherlands 
CIF Nhava Sheva (China)   India  Magnesia import price in India from China 

*Quotation Terms refers to the quantity range specified for the Magnesia being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Magnesia packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Magnesia Manufacturers

Manufacturer 
Premier Magnesia 
Shri Balaji Refractories 
Refmon Industries 
Vishva Vishal Engineers 
TRL Krosaki 
Baymag Inc. 

Magnesia Industrial Applications

magnesia market share end use

Historically, several events have caused significant fluctuations in Magnesia prices

Energy Crisis and Cost Inflation (2022–2023): Rising energy prices, especially in Europe and Asia, significantly increased the production costs of high-purity magnesia. This, combined with inflationary pressures across raw material markets, drove magnesia prices higher. 

Environmental Regulations in China (2021–2022): China, the world’s largest magnesia producer, implemented stricter environmental controls on mining and calcination processes. These regulations led to production cuts and constrained global supply, resulting in price hikes. 

Steel and Refractory Industry Demand (2020–2021): As global steel production rebounded post-COVID-19, demand for magnesia—used extensively in refractory linings for furnaces and kilns rose sharply. This surge, coupled with limited supply, pushed prices upward.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global magnesia price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the magnesia market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence magnesia prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely magnesia market data.

Track PriceWatch's magnesia price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: We gather information from global exchanges, industry reports, and proprietary sources to provide timely and accurate assessments. 
  • On-the-Ground Intelligence: We incorporate insights from producers, suppliers, and end-users across key production regions to offer a comprehensive view of market dynamics. 
  • Supply Chain Monitoring: We track the availability and cost of raw materials to evaluate supply conditions and price pressures. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: We monitor political and economic events that impact supply chains and the flow of magnesia production. 
  • Market Demand Shifts: Our analysis considers global shifts in industrial and consumer demand, particularly in sectors like automotive, electronics, and renewable energy. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We assess operational Magnesia production facilities and their output levels. 
  • Future Capacity Projections: We forecast future production capabilities, factoring in technological advancements and production expansions. 

Demand Forecasting

  • Sectoral Demand Analysis: We evaluate demand from major sectors such as automotive catalysts, renewable energy, and electronics. 
  • Regional Demand Dynamics: We assess demand from key markets and regions, especially China, India, the Netherlands, and the USA, and their impact on global pricing. 

Pricing Model Development

  • Dynamic Pricing Models: Our pricing models incorporate real-time data, historical trends, and market projections. 
  • Scenario Analysis: We perform scenario-based forecasting, assessing potential market conditions under various economic, geopolitical, and technological developments. 

Reporting and Client Support

  • Comprehensive Reports: We provide actionable insights, forecasting, and detailed analysis of current and future price trends. 
  • Ongoing Support: PriceWatch delivers continuous updates and expert advice tailored to your business needs. 

Magnesia Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for magnesia. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

• Raw Material Costs – Magnesia is primarily produced from magnesite (natural magnesium carbonate) or seawater/brine. Fluctuations in the availability and price of these raw materials directly impact magnesia pricing.

• Supply and Demand – Demand from key industries such as refractory (steelmaking), agriculture, construction, and environmental sectors can drive prices. Oversupply or reduced demand can lead to price drops.

• Manufacturing & Processing Costs – Costs associated with calcination (thermal processing), labour, energy (especially in high-temperature kilns), and equipment maintenance can significantly affect pricing.

• Environmental Regulations – Stricter environmental policies, especially in major producing countries like China, can limit production or increase costs due to compliance, thus impacting prices.

• Global Trade Policies & Tariffs – Import/export duties, anti-dumping regulations, and export restrictions can alter magnesia supply chains and affect prices in various markets.

• Market Competition – The number of active producers and the level of competition among them influences how aggressively prices are set or adjusted.

• Exchange Rates – As magnesia is traded globally, fluctuations in currency exchange rates can affect international pricing and trade competitiveness.

The availability and cost of raw materials such as high-carbon steel and alloy coatings directly affect Magnesia production costs and pricing.

Magnesia prices tend to increase with inflation, largely driven by higher energy and mining costs, while consistent demand from the refractory, agriculture, and chemical industries supports price stability amid economic shifts.

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