Pharma Industry
Industry: Email Alert RSS FeedMag hydroxide/oxide market faces upward pricing pressure. (Inorganics).
Chemical Market Reporter, March, 2003 by Savage, Eleanor Van
THE MAGNESIUM hydroxide/oxide market has been impacted by thinning margins and the spike in natural gas costs, prompting one major player to raise pricing on magnesium oxide on March 1, as other producers mull an increase. The market has been generally balanced, although a shift on the supply-side towards the end of 2003 may have a tightening effect on fundamentals.
Dow Chemical Company says it will exit the magnesia business later this year. Dow Chemical has a co-product business in Ludington, Mich., which produces calcium chloride as a co-product of making magnesium hydroxide. The company has decided to produce calcium chloride by using purchased raw material brine rather than making the material at its Ludington plant. "It has become progressively...
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