Monthly Magnesia Market Report Jun 2019
2019-07-15 17:39:58 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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Prices of all varieties of magnesia declined to different degrees in China in June affected by continuously soft demand in the market. The specific reasons for the price decrease were as follow: the demand was still sluggish in the market especially for fused magnesia as producers held large volumes of stocks and had more difficulties in concluding deals influenced by the rainy weather; prices for different specifications of magnesite appeared in the market. Chinese steel mills, non-ferrous metal producers and glass producers were cautious about purchasing magnesia and generally refused to hold stocks, causing that the pressure of stocks born by magnesia producers couldn't be eased and the demand for magnesia was weak.
The demand for magnesia from overseas customers was still soft this week as some European and American customers started to refill stocks from local suppliers through signing long-term contracts and were reluctant to purchase from China in the near future. In addition, the barrier caused by Sino-US trade war and the risk caused by exchange rate still existed.
The demand for magnesia from overseas customers was still soft this week as some European and American customers started to refill stocks from local suppliers through signing long-term contracts and were reluctant to purchase from China in the near future. In addition, the barrier caused by Sino-US trade war and the risk caused by exchange rate still existed.
