Magnesium Market Report November 2015

Entering November, magnesium ingot prices went down continually owing to too large supply but weak demand. Even though Shaanxi Magnesium ingot plants brought out price alliance and held firm offer at RMB12,300/t (USD1,927/t) ex works and RMB12,500/t (USD1,959/t) ex works with D/A in the beginning of November, while slack transactions and heavy stocks broken the price alliance soon.Asian Metal Copyright Suppliers marked down continually to attract orders to release pressures on stocks and funds during this period.Asian Metal Copyright Considering weakening demand and price decline, consumers and traders in domestic and overseas markets just held minimal purchasing volume to guarantee the basic requirements.Asian Metal Copyright Even though Shaanxi Magnesium ingot plants brought out price alliance and held firm offer at RMB12,300t USD1,927t ex works and RMB12,500t USD1,959t ex works with DA in the beginning of November, while slack transactions and heavy stocks broken the price alliance soon.Asian Metal Copyright Suppliers marked down continually to attract orders to release pressures on stocks and funds during this period. By the end of November, magnesium ingot prices went down by about RMB250/t (USD39/t).Asian Metal Copyright Suppliers marked down continually to attract orders to release pressures on stocks and funds during this period.Asian Metal Copyright