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Magnesium Nitrate Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

magnesium nitrate Price Trends by Country

cnChina
inIndia

Global magnesium nitrate Spot Market Prices, Trend Analysis and Forecast

Price Watch™ 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 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

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

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-Watch™, 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: Q4 2025

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%.

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 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.

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.

Magnesium Nitrate Price Trend Analysis: Q4 2024

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 Watch™?

Price Watch™ 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 Watch™ 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's™ 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 Watch™ 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 Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ 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-Watch™ provides timely updates on such market-moving events.

Price-Watch™ 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.

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