Global
In Q1 2025, the global Granular Magnesium Nitrate Hexahydrate market reflected a firm pricing trend, supported by higher feedstock costs, steady demand fundamentals, and balanced supply conditions across key regions.
In the Asia Pacific region, particularly China, the price trend remained bullish, with Ex- Shanxi Province and FOB Qingdao prices increasing by 7% and 6% quarter-on-quarter, respectively, driven by rising Magnesium and Nitric Acid costs along with stable energy prices and controlled production levels. In India, the market also followed an upward trajectory, as CFR Nhava Sheva prices increased by 4% during the quarter, reflecting expensive imports from China and steady demand from the agricultural sector.
However, in March 2025, the price trend softened across Asia, as China recorded a decrease of 9%-8% and India witnessed a decrease of 11%, indicating easing demand and improved supply availability toward the quarter’s end.
In Europe and North America, the market maintained a stable to firm trend supported by consistent industrial demand and balanced inventories. Meanwhile, South America and the Middle East experienced moderate price stability, driven by steady import flows and stable logistics conditions. Overall, the global market demonstrated a firm quarterly trend with late-quarter corrections.
India
According to the PriceWatch, During Q1 2025, Granular Magnesium Nitrate Hexahydrate prices in India reflected a moderately firm trend in the import, primarily influenced by higher import prices from China, where Ex- Shanxi Province and FOB Qingdao prices increased by 7% and 6% quarter-on-quarter, respectively.
The rise in Chinese prices is supported by increased feedstock costs, particularly Magnesium and Nitric Acid, along with slightly elevated energy prices and controlled supply levels, which tightened export availability. This resulted in higher landed costs for Indian importers during most of the quarter.
Additionally, steady demand from the agriculture sector supported price levels in the domestic market. However, toward the end of the quarter, easing demand conditions and improved supply availability exerted downward pressure.
In March 2025, Granular Magnesium Nitrate Hexahydrate price trend in India decreased from the previous month, decreasing by 11%. Overall, pricing dynamics in India remained closely aligned with Chinese export trends.
Global
In Q2 2025, the global Granular Magnesium Nitrate Hexahydrate market reflected a relatively stable to slightly weak pricing trend, with regional variations influenced by feedstock costs, supply-demand balance, and trade flows. In the Asia Pacific region, particularly China, the price trend remained stable to marginally firm, as Ex- Shanxi Province and FOB Qingdao prices increased by 1% quarter-on-quarter, supported by steady Magnesium and Nitric Acid costs, balanced production levels, and consistent domestic demand.
However, in India, the price trend remained bearish, as CFR Nhava Sheva prices declined by 5% during the quarter due to cheaper imports from China and stable freight conditions, despite moderate domestic demand recovery toward the end of the quarter. In June 2025, price trend in China remained stable, increasing by 0%, while in India, prices increased from the previous month, increasing by 10%, reflecting short-term restocking demand.
In Europe and North America, the market followed a stable trend supported by balanced supply and moderate industrial demand, while South America and the Middle East experienced steady pricing amid consistent import flows and stable logistics. Overall, the global market exhibited stability with localized demand-driven variations.
India
According to the PriceWatch, During Q2 2025, Granular Magnesium Nitrate Hexahydrate prices in India reflected a mixed but overall bearish trend in the import market, primarily influenced by cheaper imports from China, where Ex- Shanxi Province and FOB Qingdao prices remained relatively stable with marginal quarterly increases of 1%.
The stability in Chinese prices is supported by balanced feedstock costs, particularly Magnesium and Nitric Acid, along with steady energy prices and adequate supply levels, which ensured consistent export availability. This directly impacted the Indian market, resulting in lower landed costs during most of the quarter.
However, domestic demand from agriculture and specialty chemicals remained moderate, limiting strong price recovery. In June 2025, Granular Magnesium Nitrate Hexahydrate price trend in India increased from the previous month, increasing by 10%, reflecting short-term restocking and improved demand conditions.
In Q3 2025, the global Granular Magnesium Nitrate Hexahydrate market has exhibited a strong bullish price trend, driven by rising feedstock costs, firm demand fundamentals, and tightening supply conditions across key regions.
In the Asia Pacific region, particularly China, the market has recorded significant price increases, with Ex- Shanxi Province and FOB Qingdao prices rising sharply due to elevated Magnesium and Nitric Acid costs, higher energy prices, and controlled production levels.
Export demand has remained strong, further reinforcing upward momentum. In India, the market has mirrored this bullish trend, as CFR Nhava Sheva prices have increased substantially, supported by expensive imports from China and robust seasonal demand from the agriculture sector, although a slight correction has been observed in September with prices decreasing by 1%.
In Europe and North America, the market has maintained a firm tone, supported by stable industrial demand and balanced inventories. Meanwhile, South America and the Middle East have experienced steady to firm pricing trends, driven by consistent import flows and stable logistics conditions. Overall, the global market has demonstrated sustained upward movement with minor stabilization toward the end of the quarter.
China: Granular Magnesium Nitrate Hexahydrate Exported Price Trend in China, FOB Qingdao
In Q3 2025, Granular Magnesium Nitrate Hexahydrate price trend in China’s export market showed a significant upward movement, supported by higher feedstock costs, particularly Magnesium and Nitric Acid, along with increased energy prices. Strong export demand from key importing regions and constrained supply availability in the global market further pushed prices upward.
Additionally, seasonal demand from fertilizer-consuming markets contributed to stronger trade activity. In September 2025, Granular Magnesium Nitrate Hexahydrate prices in China remained stable from the previous month, indicating stabilization after earlier increases. Overall, Granular Magnesium Nitrate Hexahydrate price in China, marking a quarterly increase of 19%.
India: Granular Magnesium Nitrate Hexahydrate Imported Price Trend in India, CFR Nhava Sheva (China)
In Q3 2025, Granular Magnesium Nitrate Hexahydrate price trend in India reflected a strong bullish trend, primarily driven by expensive imports from China, where FOB prices increased significantly due to higher feedstock and energy costs. The rise in Chinese export prices directly elevated landed costs in India, further supported by firm freight rates.
Additionally, strong seasonal demand from the agriculture sector in India contributed to higher import consumption, reinforcing the upward pricing trend. However, by the end of the quarter, some stabilization is observed due to improved supply availability.
In September 2025, Granular Magnesium Nitrate Hexahydrate price trend in India decreased from the previous month, decreasing by 1%, reflecting slight correction in import prices amid easing demand. Overall, Granular Magnesium Nitrate Hexahydrate price in India, marking a quarterly increase of 15%.
Global:
In the fourth quarter of 2025, the global market for Granular Magnesium Nitrate Hexahydrate has been marked by a bearish trend in prices, mainly fuelled by falling feedstock prices, lackluster demand, and plentiful supply in major markets. The Asia Pacific market has seen a sharp decline, where Ex- Shanxi Province and FOB Qingdao prices have fallen sharply due to low Magnesium and Nitric Acid feedstock prices, lower energy prices, and oversupply situations.
Export demand has stayed sluggish, aggravating the negative impact on prices. The Indian market has followed suit, witnessing a fall in CFR Nhava Sheva prices owing to lower import prices from China and normal freight rates, although there has been a modest recovery in prices in December at 1%.
The European and North American markets have seen stability in prices with some softness amid moderate industrial demand but constrained by adequate inventories. On the other hand, South America and the Middle East markets have witnessed a steady to weak pricing pattern driven by adequate supply and weak downstream demand.
China: Granular Magnesium Nitrate Hexahydrate Exported Price Trend in China, Ex- Shanxi Province
Granular Magnesium Nitrate Hexahydrate price trend in China in Q4 2025 has been marked by a highly bearish trend that is mainly attributed to falling prices for raw materials such as Magnesium and Nitric Acid, resulting in low production costs. Overall, Granular Magnesium Nitrate Hexahydrate price in China decreased by 12% in Q4 2025.
Besides, low energy prices in the quarter helped reduce manufacturing costs, while high supply and low seasonality demand from the agricultural sector put additional pressure on prices.
The mismatch between supply and demand and adequate inventories for producers prevented any price increase. In December 2025, Granular Magnesium Nitrate Hexahydrate price in China is relatively unchanged compared to the previous month.
India: Granular Magnesium Nitrate Hexahydrate Imported Price Trend in India, CFR Nhava Sheva (China)
In Q4 2025, Granular Magnesium Nitrate Hexahydrate price trend in India followed a bearish pattern, primarily due to cheaper imports from China, where FOB prices declined significantly amid lower feedstock costs and weak export demand. The reduction in Chinese export prices directly impacted landed costs in India, resulting in lower CFR pricing.
Additionally, stable freight rates and logistics conditions ensured that no additional cost pressures emerged from transportation. Domestic demand in India remained moderate, which further limited price support in the import market.
In December 2025, Granular Magnesium Nitrate Hexahydrate price in India increased from the previous month, increasing by 1%, reflecting slight improvement in import demand. Overall, Granular Magnesium Nitrate Hexahydrate price in India, marking a quarterly decrease of 10%.
