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Magnesium Nitrate Price Trend & Forecast

UNSPC code: 12352302
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⟳ Weekly Update
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Historical Data Since: 2015
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Forecast Period: FY 2027-28
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magnesium nitrate Price Trends by Country

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inIndia

Global Magnesium Nitrate Spot Market Prices, Chart, Trend Analysis And Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for Magnesium Nitrate across top trading regions:

Magnesium Nitrate Regional Coverage Magnesium Nitrate Grade and Country Coverage Magnesium Nitrate Pricing Data Coverage Explanation
 

Asia-Pacific Magnesium Nitrate Pricing Analysis

 

 

 

 Granular Magnesium Nitrate Hexahydrate Ex-Shanxi Province Domestic Prices, China Real-Time Weekly Price Update of Magnesium Nitrate Domestic Prices in Shanxi Province, China
Granular Magnesium Nitrate Hexahydrate FOB Prices at Qingdao Port, China Weekly Price Update on Magnesium Nitrate Real-Time Export Prices from Qingdao Port, China to Global Markets
Granular Magnesium Nitrate Hexahydrate CFR Prices at Nhava Sheva Port, India, Importing from China Weekly Price Update on Magnesium Nitrate Real-Time Import Prices at Nhava Sheva Port, India from China

 

Magnesium Nitrate Price Forecasts & Market Foresight Q4 2026

Outlook: Bearish to Strongly Bearish

Confidence: High

Magnesium Nitrate prices are expected to remain bearish to strongly bearish globally during Q4 2026, pressured by subdued downstream demand, competitive supplier offers, and ample availability.

Asia Pacific is likely to experience continued price declines, particularly in China, while India may benefit from cheaper Chinese imports and lower replacement costs.

Europe and other importing regions are anticipated to face downward pressure as cautious procurement and competitive trade offers weigh on market sentiment.

Global Magnesium Nitrate Market Overview by Region (October–December 2026)

Country Grade/ Incoterm Outlook
China Granular Magnesium Nitrate Hexahydrate Ex- Shanxi Province Bearish to Strongly Bearish
China Granular Magnesium Nitrate Hexahydrate FOB Qingdao Bearish to Strongly Bearish
India Granular Magnesium Nitrate Hexahydrate CFR Nhava Sheva (CHINA) Bearish to Strongly Bearish

*Magnesium Nitrate Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Magnesium Nitrate Forecast

Access comprehensive Magnesium Nitrate market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Magnesium Nitrate Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in Nitric Acid, Magnesium Oxide/Magnesite prices feedstock costs, Mining and processing costs for magnesite, energy prices, producer operating rates, plant outages, inventory levels, trade flows, freight rates, regional demand, and geopolitical developments affecting the global Magnesium Nitrate market.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

 

Track Magnesium Nitrate Supply Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Magnesium Nitrate markets.

Access the Price Watch™ GIO Tracker

Magnesium Nitrate Price Trend Q3 2026

In Q3 2026, the global Magnesium Nitrate market has weakened, with declining prices across China and India amid subdued buying interest and competitive offers. In Asia Pacific, China’s domestic and export prices have fallen as softer demand and lower supplier offers have pressured the market.

India has also recorded a decline in landed prices, reflecting reduced Chinese export prices and import replacement costs. Europe, North America, South America, and the Middle East have lacked direct price indicators in the provided data, limiting regional comparisons.

The Magnesium Nitrate Price Chart has captured the downward movement across the reported markets, while the Magnesium Nitrate Price Index has reflected substantial quarterly and September declines, particularly in China’s domestic market and India’s imports.

China: Granular Magnesium Nitrate Hexahydrate Exported Price Trend in China, Ex- Shanxi Province

According to Price Watchâ„¢, in Q3 2026, Magnesium Nitrate price trend in China weakened, with domestic prices declining amid subdued downstream demand and competitive supplier offers.

Softer procurement from agricultural and industrial users limited buying interest, while price competition among domestic producers added pressure to selling prices.

Magnesium Nitrate production costs, including Magnesium-based feedstocks, Nitric Acid, and energy, remained important factors influencing supplier margins, although the available data did not establish their precise contribution to the decline.

The US-Israel-Iran conflict and Strait of Hormuz disruption increased uncertainty across global energy and logistics markets, but their direct impact on Chinese domestic Magnesium Nitrate prices was not confirmed.

In September 2026, Magnesium Nitrate prices in China decreased by 16% from the previous month. Granular Magnesium Nitrate Hexahydrate Ex-Shanxi Province prices recorded a quarterly decline of 9%.

India: Granular Magnesium Nitrate Hexahydrate Imported Price Trend in India, CFR Nhava Sheva (CHINA)

According to Price Watchâ„¢, in Q3 2026, Magnesium Nitrate price trend in India declined as lower Chinese export prices reduced the replacement cost of imported material.

Weaker FOB offers from Chinese suppliers, combined with subdued purchasing interest, lowered the cost of sourcing Granular Magnesium Nitrate Hexahydrate for Indian buyers.

The decline in China’s export market was the primary factor influencing India’s landed price, while freight, insurance, and handling costs also contributed to the final CFR value.

The US-Israel-Iran conflict and Strait of Hormuz disruption created uncertainty in global energy and shipping markets, but the direct effect on China-to-India freight was not confirmed.

In September 2026, Magnesium Nitrate prices in India decreased by 11% from the previous month. Granular Magnesium Nitrate Hexahydrate CFR Nhava Sheva prices recorded a quarterly decline of 12%.

Magnesium Nitrate Price Trend Analysis: Q2 2026

Magnesium Nitrate Price Trend Q2 2026

In Q2 2026, the global Magnesium Nitrate Hexahydrate market has strengthened as rising raw material and energy costs in China have tightened supply across key producing provinces. Prices Ex-Shanxi Province have climbed 15%, while FOB Qingdao values have gained 13% during the quarter, reflecting firm production costs and steady export demand from China.

Within Asia Pacific, India has shown a mixed trend, with CFR Nhava Sheva prices rising 18% before easing 3% in June 2026 as freight and currency movements have softened import costs. The Magnesium Nitrate Hexahydrate Price Chart has captured this consistent upward trajectory through the quarter, while the Magnesium Nitrate Hexahydrate Price Index has begun stabilising in June 2026 as regional demand and logistics costs have gradually normalised across Asia Pacific.

China: Granular Magnesium Nitrate Hexahydrate Exported Price Trend in China, Ex- Shanxi Province

In Q2 2026, Magnesium Nitrate Hexahydrate Price Trend in China has recorded a quarterly increase of 14.8% for material Ex-Shanxi Province. Rising costs of key raw materials, particularly magnesium oxide and nitric acid, have pushed production expenses higher across the province.

Elevated energy prices and stricter environmental compliance requirements have added further pressure on manufacturing margins. The Israel-USA-Iran conflict and the closure of the Strait of Hormuz have disrupted regional energy flows, lifting fuel and power costs for domestic producers.

Tight supply against steady industrial and agricultural demand has kept the market firm through the quarter. In June 2026, Magnesium Nitrate Hexahydrate Prices in China have remained unchanged from the previous month, showing 0% change, as raw material costs and supply conditions have held steady.

India: Granular Magnesium Nitrate Hexahydrate Imported Price Trend in India, CFR Nhava Sheva (CHINA)

In Q2 2026, Magnesium Nitrate Hexahydrate Price Trend in India has registered a quarterly increase of 18.1% for material CFR Nhava Sheva imported from China. Higher FOB values from Qingdao, driven by rising raw material and energy costs in China, have made imports costlier for Indian buyers.

Freight disruptions linked to the Israel-USA-Iran conflict and the Strait of Hormuz blockage have further raised shipping costs during the quarter. Strong domestic agricultural and industrial demand in India has supported continued procurement despite elevated landed costs. In June 2026, Magnesium Nitrate Hexahydrate Prices in India have corrected, decreasing by 3% from the previous month, as easing Chinese export prices and improved freight conditions have softened import costs.

Magnesium Nitrate Price Trend Q1 2026

As of Q1 2026, the global market for Granular Magnesium Nitrate Hexahydrate has somewhat bearish price dynamics. Export-led markets have seen prices ease, while those reliant on imports have shown a more stable price performance.

The Asia Pacific market has displayed some bearish price movement, with prices in Ex- Shanxi Province and FOB Qingdao declining due to adequate stock and steady demand along with stable feedstock costs and energy prices.

Short-term recovery can be seen in March, where prices increased by 4%-5% due to stock replenishment. Conversely, in India, the market has been showing a bullish trend with rising CFR Nhava Sheva prices owing to expensive Chinese imports and high freight costs owing to geopolitical uncertainty, such as the USA-Israel-Iran issue and concerns regarding the Strait of Hormuz.

The Europe and North America markets have remained stable, owing to balanced supply-demand fundamentals and strong industrial use. South America and the Middle East markets have remained firm/stable due to steady import volumes and slightly higher logistical costs.

China: Granular Magnesium Nitrate Hexahydrate Exported Price Trend in China, Ex- Shanxi Province

The Granular Magnesium Nitrate Hexahydrate price trend in China for Q1 2026 is slightly bearish due to price movements of key raw materials like Magnesium and Nitric Acid, in addition to rising energy prices that raised total production costs.

Overall, granular magnesium nitrate hexahydrate price in China dropped by 1% in Q1 2026. Availability of sufficient domestic supply and healthy stock levels further depressed prices, whereas weak demand in end-use industries constrained the upside.

Moreover, there are no disruptions in international trade due to geopolitical tensions between the USA and Israel and Iran, and the blockage at the Strait of Hormuz do not affect China’s internal logistics chain. In March 2026, granular magnesium nitrate hexahydrate price in China rose compared to February 2026, rising by 5% due to some short-term restocking.

India: Granular Magnesium Nitrate Hexahydrate Imported Price Trend in India, CFR Nhava Sheva (CHINA)

According to Price Watchâ„¢, in Q1 2026, Granular Magnesium Nitrate Hexahydrate price trend in India reflected a bullish trend, primarily driven by expensive imports from China, where FOB prices showed relative firmness during the quarter.

The increase in import prices is further supported by higher freight costs influenced by geopolitical tensions, particularly the USA-Israel-Iran war and concerns over the Strait of Hormuz blockage, which elevated shipping risks and logistics expenses.

Additionally, steady domestic demand from agriculture and specialty chemical sectors in India contributed to stronger import pricing dynamics. In March 2026, Granular Magnesium Nitrate Hexahydrate price in India increased from the previous month, increasing by 6%, reflecting higher landed costs and firm export prices from China. Overall, Granular Magnesium Nitrate Hexahydrate price in India, marking a quarterly increase of 4%.

Magnesium Nitrate Price Trend Analysis 2025

Magnesium Nitrate Price Trend Q1 2025

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 Price Watchâ„¢, 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.

Magnesium Nitrate Price Trend Q2 2025

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 Price Watchâ„¢, 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.

Magnesium Nitrate Price Trend Q3 2025

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%.

Magnesium Nitrate Price Trend Q4 2025

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%.

Magnesium Nitrate Price Trend Q1 2024

In Q1 2024, the global Granular Magnesium Nitrate Hexahydrate market exhibited a predominantly bearish trend, driven by ample supply and subdued downstream demand across major consuming regions. Asia Pacific remained the key market, where China recorded significant declines in Ex-Shanxi Province and FOB Qingdao prices due to comfortable inventories, lower Magnesium and Nitric Acid feedstock costs, and weak fertilizer and industrial demand during most of the quarter.

However, prices rebounded in March as domestic restocking and improved export inquiries supported the market. India also witnessed an overall quarterly decline in CFR prices, although stronger import demand and higher freight costs led to a monthly increase in March. Europe, North America, South America, and the Middle East maintained largely stable market conditions with balanced supply-demand fundamentals and limited trading activity throughout the quarter.

According to the PriceWatch, during Q1 2024, Granular Magnesium Nitrate Hexahydrate prices in India reflected an overall bearish trend in the import market, primarily influenced by lower-priced imports from China. Chinese Ex-Shanxi Province and FOB Qingdao prices declined significantly during the quarter due to adequate supply, comfortable inventories, weaker Magnesium and Nitric Acid feedstock costs, and subdued demand from the fertilizer and industrial sectors.

These lower export prices reduced landed import costs in India, resulting in an overall quarterly decline despite steady demand from agriculture and specialty chemical applications. However, improved buying interest and restocking activity supported the market toward the end of the quarter. In March 2024, Granular Magnesium Nitrate Hexahydrate price trend in India increased from the previous month, increasing by 4%, reflecting stronger import procurement and improved downstream demand.

Magnesium Nitrate Price Trend Q2 2024

In Q2 2024, the global Granular Magnesium Nitrate Hexahydrate market witnessed a firm price trend, supported by improving downstream demand and tighter supply conditions in Asia Pacific. Asia Pacific remained the key growth region, where China recorded notable increases in Ex-Shanxi Province and FOB Qingdao prices due to stronger demand from the fertilizer and industrial sectors, firmer Magnesium and Nitric Acid feedstock costs, and balanced supply.

Indian CFR prices also increased as higher Chinese FOB quotations elevated import costs, while steady demand from agriculture and specialty chemical industries supported purchasing activity. By June 2024, prices stabilized across the region as supply-demand fundamentals became balanced. Europe, North America, South America, and the Middle East experienced largely stable market conditions with adequate product availability and limited price volatility during the quarter.

According to the PriceWatch, during Q2 2024, Granular Magnesium Nitrate Hexahydrate prices in India reflected a firm trend in the import market, primarily influenced by higher import prices from China. Chinese Ex-Shanxi Province and FOB Qingdao prices increased during the quarter due to stronger domestic demand, firmer Magnesium and Nitric Acid feedstock costs, and balanced supply conditions, resulting in higher export quotations.

These elevated FOB prices increased landed import costs in India, while steady demand from the agriculture and specialty chemical sectors further supported the market. Import procurement remained stable throughout the quarter despite higher costs. In June 2024, Granular Magnesium Nitrate Hexahydrate price trend in India remained unchanged from the previous month, showing no monthly change, reflecting balanced supply-demand fundamentals and stable import prices.

Magnesium Nitrate Price Trend Q3 2024

In Q3 2024, the global Granular Magnesium Nitrate Hexahydrate market recorded an overall firm trend, supported by healthy demand during the early part of the quarter before moderating toward September. Asia Pacific remained the dominant market, where China posted quarterly price gains due to improved demand from the fertilizer and industrial sectors, supported by firm Magnesium and Nitric Acid feedstock costs and balanced supply.

However, prices declined in September as demand weakened and inventories improved. India also registered a quarterly increase in CFR prices, driven by higher Chinese FOB offers and elevated import costs, although September witnessed a correction amid cautious procurement and softer downstream demand. Europe, North America, South America, and the Middle East experienced largely stable market conditions, with balanced supply and limited trading activity restricting significant price fluctuations during the quarter.

According to the PriceWatch, during Q3 2024, Granular Magnesium Nitrate Hexahydrate prices in India reflected an overall bullish trend in the import market, primarily influenced by higher import prices from China during most of the quarter. Chinese Ex-Shanxi Province and FOB Qingdao prices increased due to firm demand from the fertilizer and industrial sectors, supported by stable Magnesium and Nitric Acid feedstock costs and balanced supply.

These higher export quotations elevated landed import costs in India, while steady demand from the agriculture and specialty chemical sectors supported the market. However, improved product availability and weaker buying interest weighed on prices toward the end of the quarter. In September 2024, Granular Magnesium Nitrate Hexahydrate price trend in India decreased from the previous month, decreasing by 3%, reflecting cautious procurement and softer import prices from China.

Magnesium Nitrate Price Trend Q4 2024

In Q4 2024, the global Granular Magnesium Nitrate Hexahydrate market witnessed a bearish trend, primarily driven by weak downstream demand and ample product availability across Asia Pacific. Asia Pacific remained the key pricing region, where China recorded significant declines in Ex-Shanxi Province and FOB Qingdao prices due to comfortable inventories, softer Magnesium and Nitric Acid feedstock costs, and subdued demand from the fertilizer and industrial sectors.

India also registered an overall quarterly decline in CFR prices as lower Chinese export quotations reduced import costs. However, Indian prices increased slightly in December due to improved restocking activity and stable import demand. Europe, North America, South America, and the Middle East maintained largely stable market conditions, supported by balanced supply-demand fundamentals and limited trading activity throughout the quarter.

According to the PriceWatch, during Q4 2024, Granular Magnesium Nitrate Hexahydrate prices in India reflected an overall bearish trend in the import market, primarily influenced by lower-priced imports from China. Chinese Ex-Shanxi Province and FOB Qingdao prices declined significantly during the quarter due to ample product availability, comfortable inventories, weaker Magnesium and Nitric Acid feedstock costs, and subdued demand from the fertilizer and industrial sectors.

These lower export quotations reduced landed import costs in India, leading to an overall quarterly decline despite steady consumption from the agriculture and specialty chemical industries. Market sentiment improved slightly toward the end of the quarter due to restocking activity. In December 2024, Granular Magnesium Nitrate Hexahydrate price trend in India increased from the previous month, increasing by 2%, reflecting improved import procurement and year-end inventory replenishment.

Technical Specifications of Magnesium Nitrate Price Trends

Product Description

Magnesium nitrate is a hygroscopic salt with the formula Mg(NO3)2. It appears as colourless crystals or white crystalline powder. In air, it quickly forms the hexahydrate with the formula Mg(NO3)2·6H2O. It is highly soluble in both water and ethanol. It is primarily produced by reacting magnesium compounds such as magnesium oxide or magnesium carbonate with nitric acid.

Identifiers and Classification:

CAS No – 13446-18-9

HS Code – 28342920

Molecular Formula – Mg(NO3)2·6H2O

Molecular Weight (in gm/mol) – 256.41

Magnesium Nitrate Synonyms:

  • Magnesium Nitrate
  • Magnesium Nitrate Hexahydrate


Magnesium Nitrate Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 1000 MT
  • Packaging Type (Product & Country Specific): 25kg net PP/PE Bag


Incoterms Referenced in Magnesium Nitrate Price Reporting

Shipping Term Location Definition
Ex-Shanxi Province Shanxi Province, China Granular Magnesium Nitrate Hexahydrate Domestic Price in China
FOB Qingdao Qingdao, China Granular Magnesium Nitrate Hexahydrate Export Price from China
CFR Nhava Sheva (CHINA) Nhava Sheva, India Granular Magnesium Nitrate Hexahydrate Import Price in India from China


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


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

Key Magnesium Nitrate Manufacturers and Their Brands

Brand Manufacturer
NA Tianjin Crown Champion Industrial Co., Ltd.
Knlan Shanxi Knlan Chemical Co., Ltd.
YIXIN Shanghai Yixin Chemical Co., Ltd.

Magnesium Nitrate Industrial Applications

Historically, several events have caused significant fluctuations in Magnesium Nitrate prices

  • Market Conditions in 2025:
    In 2025, the magnesium nitrate market became more stable compared to the highly disrupted previous years. However, it remained sensitive to magnesium ore availability, energy costs, and logistics conditions.
  • Supply Tightness in 2024:
    In 2024, a temporary shutdown at US Magnesium’s Great Salt Lake facility removed part of North American production capacity and rapidly increased spot prices. The event demonstrated how even a single plant outage could trigger short-term price spikes in a relatively niche chemical market.
  • Plant Outages:
    In 2023, electricity price spikes in energy-intensive production regions disrupted output further. Some Turkish producers reportedly reduced production due to rising power costs, tightening supply and lifting spot prices in regional markets.
  • Energy Cost Spikes:
    In 2022, higher natural gas prices in Europe increased nitric acid production costs, directly impacting magnesium nitrate manufacturing economics. Since nitric acid is a key raw material, producers faced margin pressure and passed higher costs on to buyers, increasing market volatility.
  • Pandemic Disruptions:
    In 2020–2021, pandemic-related logistics disruptions created shortages of magnesium oxide and related inputs, pushing magnesium nitrate prices higher across several markets. At the same time, China’s export restrictions and energy shortages in 2021 tightened global magnesium supply, causing shipment delays and sharp price increases for downstream magnesium compounds.

Why Price Watchâ„¢?

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

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

Track Price Watch'sâ„¢ magnesium nitrate 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.

Magnesium Nitrate Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

What is Magnesium Nitrate and why does its price matter?

Magnesium nitrate is a water-soluble chemical compound (Mg(NO₃)₂) mainly used in fertilizers to supply magnesium and nitrogen for plant growth.

Its price matters because it directly affects fertilizer costs for agriculture and is influenced by raw material prices, especially magnesium and nitric acid, as well as energy and freight costs. Price Watchâ„¢ tracks Magnesium Nitrate prices to help businesses stay informed about market movements and cost trends.

Magnesium Nitrate prices vary by Prices vary by origin, basis (FOB/CIF), and date. Prices are usually quoted per metric ton and fluctuate based on supply-demand balance and feedstock costs. Price Watchâ„¢ provides up-to-date price assessments across key global markets.

The magnesium nitrate market is currently showing a steady-to-moderately rising trend, mainly driven by agriculture demand, while remaining sensitive to raw material and logistics costs.

The largest buyers of magnesium nitrate are industries connected to agriculture and specialty chemicals, because the compound is mainly used as a highly soluble source of magnesium and nitrogen. Other key industries include chemical manufacturing or industrial processing, construction industry, mining & metallurgy industry etc.

Magnesium Nitrate is industrially produced almost exclusively through the Haber-Bosch process, which synthesizes it from nitrogen in the air and hydrogen derived mainly from natural gas. This method accounts for over 90% of global supply, with emerging green alternatives using electrolysis for hydrogen.

China, Russia, Germany, are the major exporter of Magnesium Nitrate. Export volumes fluctuate depending on production capacity utilization, local demand levels, and competitive pricing factors. Price Watchâ„¢ monitors global trade flows and supply availability.

Global magnesium nitrate supply is generally sufficient to meet demand, but the balance is tight and vulnerable rather than comfortably oversupplied. Global demand is being met, but procurement risk remains high, especially for buyers who need consistent supply of higher-purity or region-specific grades. Price Watchâ„¢ closely tracks supply-demand balances to highlight potential shortages or oversupply situations.

Magnesium nitrate is commonly sold in industrial/fertilizer grade, analytical or ACS grade, and higher-purity research/pharmaceutical-grade forms. The fertilizer grade is used in fertigation and greenhouse nutrition, and it is usually specified by nutrient content rather than ultra-low impurity limits.

Analytical or ACS grade is designed for laboratory and reagent use, with tighter limits on heavy metals, iron, sulfate, calcium, and insoluble matter. Prices differ mainly because of purity, impurity control, and certification requirements. Price Watchâ„¢ provides grade-wise price assessments for better market clarity.

When Magnesium Nitrate demand surges suddenly often from seasonal farming peaks or fertilizer shortages prices typically spike for short-term due to tight supply chains and production lags. Price Watchâ„¢ captures these shifts in real time.

Energy prices affect magnesium nitrate mainly through higher costs of feedstocks and production. Rising natural gas and electricity prices increase ammonia costs, which raises nitric acid prices both key inputs for magnesium nitrate.

Energy also increases manufacturing and transportation costs, leading to overall higher magnesium nitrate prices. Price Watchâ„¢ analyses Magnesium Nitrate price correlations to explain cost movements.

Regional Magnesium Nitrate prices differ mainly due to variations in energy/feedstock costs, local production capacity, import dependency, freight/logistics, and demand patterns. Price Watchâ„¢ tracks regional differentials to highlight pricing gaps across markets.

Magnesium nitrate prices in 2026 are likely to show a stable to slightly bullish trend, with moderate increases driven by steady agricultural demand and input cost volatility. Price Watchâ„¢ publishes regular forecasts projecting price direction over the next 12 months.

Yes. Reliable forecast help buyers plan procurement, manage inventory, negotiate contracts, and control packaging costs. Price Watchâ„¢ forecasts support smarter purchasing and budgeting decisions.

Global events such as geopolitical tensions, energy crises, trade restrictions, and disruptions like the COVID-19 pandemic impact magnesium nitrate supply by affecting raw materials, energy, and logistics, leading to supply constraints and increased price volatility. Price Watchâ„¢ provides timely updates on such market-moving events.

Price Watchâ„¢ gathers data from producers, converters, traders, and buyers to publish transparent Magnesium Nitrate price assessments, market reports, and forecasts, helping stakeholders stay ahead of market trends.

Access Real-Time Magnesium Nitrate Price Trends
Access Real-Time Magnesium Nitrate Price Trends