Since the beginning of this year, affected by factors such as the continuous increase in the price of sulfuric acid and the growth in the fertilizer market, the magnesium sulfate market not only continued the situation of supply shortage in 2007, but also far exceeded the strong trend of last year. Especially since March, the contradiction between the supply and demand in the magnesium sulfate market has been further highlighted and the product prices have been rising. However, due to the greater increase in raw material sulfuric acid prices, most of the magnesium sulfate companies have been caught in the hot market but it is difficult to sustain the embarrassing situation.

In recent years, with the growing awareness of the use of medium-sized nutrients such as magnesium and sulfur in agricultural cultivation to increase crop yields and improve crop quality, magnesium sulfate has made some progress in domestic production and application as an agricultural fertilizer, and market demand continues to increase. . The ever-increasing contradiction between supply and demand in the market has caused the market price of magnesium sulfate to rise since the beginning of the year. Coupled with the mad increase in sulfuric acid prices, the price of magnesium sulfate continues to rise.

According to the "2007-2008 China Magnesium Sulphate Product Market Monitoring and Special Investigation In-depth Analysis Report", currently there are more than 30 magnesium sulfate (seven water salts) production plants in China, with a total production capacity of approximately 300,000 tons/year. The process includes the sulfuric acid method, salt lake brine method usage, and the like. Among them, the sulfuric acid method accounts for 75%, the salt lake brine uses 10%, and the others account for 15%.

In 2008, the international market prices for sulfur and sulfuric acid have been continuously rising. Especially since May, domestic sulfuric acid prices have risen sharply as a result of rising international sulfur prices. According to conservative estimates of experts, the average domestic sulfuric acid market price in 2008 will be more than 1,250 yuan / ton. Although the price of sulphuric acid has risen to a record high, there are still no signs of a stoppage. According to the latest market surveys, due to the skyrocketing price of raw materials for sulfuric acid in the upstream, domestic magnesium sulfate enterprises using the sulfuric acid method are unable to withstand the cost pressures of huge increases. Most of the operations are difficult and are in a state of shutdown and production shutdown. This will further exacerbate the contradiction between the supply and demand of the national magnesium sulfate market. Under these circumstances, magnesium sulfate companies using salt lake brines and other processes will further expand their market share and increase their profits.

Experts predict that in the coming years, China's magnesium sulfate products will continue to meet the foreign exchange requirements in the traditional fields of food, medicine, chemical industry, light industry, textiles and daily chemicals, and there will still be a huge potential market for agricultural fertilizers. Demand will show an upward trend year by year. Right now is the peak season for domestic fertilizer demand, so the magnesium sulfate market will become even hotter and sales prices will continue to rise. Up to now, the sales price of magnesium sulfate has risen by more than 30% from the beginning of the year. However, the price of sulphuric acid will continue to rise and it will be possible to push the price of magnesium sulfate to continue to rise.

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