Development of magnesium oxide industry faces a number of challenges

  Recalling the past decade, China's magnesium oxide industry, the rapid development of ten years. Of magnesium oxide industry after years of development, especially the rapid development in recent decades, magnesia apparatus design, manufacture reached the world advanced level, and large-scale localization of significant achievements, magnesia production capacity and output ranks first in the world to meet downstream industries demand for magnesium oxide.

  At the same time, China's magnesium industry layout more reasonable, industry concentration further improved. As an important chemical raw materials, mainly in the business of magnesia raw materials and industrialized areas. Proof of magnesia production layout more scientific and rational, industry concentration is gradually improving.

  However, China's magnesium production capacity is too big problem plagued the industry a top priority. Magnesium oxide market has long been in a state of oversupply, coupled with the impact of a small amount of low-priced imports of magnesium oxide, magnesium oxide long period of low prices float, reducing the individual magnesia production profitability, inability to develop new products and pollution. The future of our country there are still some major construction projects will magnesia, magnesium oxide production capacity will continue to increase. So magnesia excess capacity is the most critical issue currently plagued the development of the industry.

 Why, then, of magnesium oxide production capacity will be present surplus situation? China's economic development has entered a "new normal" economic development is shifting mass efficiency intensive growth pattern from extensive scale speed-type growth, economic structure from an incremental expansion mainly positive steering adjust the stock, so gifted incremental coexistence depth adjustment, economic momentum is shifting to new growth from the traditional growth. The magnesium industry is a typical basic chemical industry, magnesia downstream rubber, dyes and other industries related to the lifeline of the national economy. Therefore, China's economic growth rate may reflect basic magnesium downstream demand growth. Over the past ten years, China's rapid economic growth, means everywhere in the country magnesia, magnesium oxide production for many years with double-digit growth. However, China's economy has entered a growth rate change schedule, magnesia downstream demand growth is slowing down, magnesium oxide industry into a difficult period of adjustment.

  Therefore, from the current status of industry, the development of magnesium industry, "Thirteen Five" period faces a number of challenges, the first is how to phase out excess capacity and restore the vitality of the market, improve the profitability of the industry; secondly, in economic slowdown under the background of how to develop new products to meet industrial demand magnesia new economy, promote the consumption of magnesium oxide, magnesium oxide and further expand the market; but also face the impact of cleaner production and imports of magnesium oxide and other issues.