On August 9th, China launched a new round of central environmental inspections covering eight provincial-level areas, as the country finishes nationwide investigations into local environmental protection efforts. A total of eight provinces including: Jilin, Zhejiang and Shandong provinces will be the most hit hard.
Lots of factory closures in China for environmental reviews are happening right now. According to the China Daily, about 10,000 polluting companies were ordered to suspend production or shut down by the end of June. And many factories are experiencing unexpected delays in productions.
Environmental inspections have caused great impact on MgO prices. The whole supply chain has been affected by the inspection.