Monthly Magnesia Market Report May 2020
2020-06-17 18:04:26 【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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Chinese magnesia market: Prices for different specification so magnesia continued to decline to different degrees in May 2020 and magnesia producers bore great pressure of stocks and funds. The demand in the domestic magnesia market increased slightly MOM, but was still weaker than the same period of last year. What's more, downstream consumers took a strong wait-and-see attitude and aggressively forced down their purchasing prices under great pressure of funds. Most producers' sales didn't rise obviously and their operating rates were still stable at low levels, while small producers started raising their outputs owing to sharply increased sales of them.
China's magnesia export market: Affected by generally sluggish international market, China's export prices of magnesia dropped further in May 2020. There was no sign for American and Indian customers to raise magnesia purchases from China affected by rapid spread of Covid-19; European consumers were successively resuming production, but still placed limited orders of magnesia as they still held sufficient stocks in spite of more enquiries; Japanese and South Korean customers still cautiously refilled stocks and most of them just waited on the sidelines although the spread of Covid-19 was effectively controlled there.
China's magnesia export market: Affected by generally sluggish international market, China's export prices of magnesia dropped further in May 2020. There was no sign for American and Indian customers to raise magnesia purchases from China affected by rapid spread of Covid-19; European consumers were successively resuming production, but still placed limited orders of magnesia as they still held sufficient stocks in spite of more enquiries; Japanese and South Korean customers still cautiously refilled stocks and most of them just waited on the sidelines although the spread of Covid-19 was effectively controlled there.
