Magnesium alloy bar going through further price decrease

BEIJING (Asian Metal) 5 Jun 13 - Magnesium alloy bar (length: 1.Asian Metal Copyright “Ingot’s gone cheap to RMB15,500t USD2,511t ex works in Shaanxi now, RMB200t USD32t ex works cheaper than last week,” pointed he, who starts to draw the line at RMB23,800t USD3,855t ex works instead of RMB24,000t USD3,887t ex works now.Asian Metal Copyright5-1.7m, radius: 6-7cm) has undergone another price reduction by RMB200/t (USD32/t) ex works with RMB15,700-15,900/t (USD2,543-2,576/t) ex works giving the back seat to RMB15,500-15,700/t (USD2,511-2,543/t) ex works on magnesium ingot recently. Undoubtedly, consumers continue to watch the market in expectation of their access to the bottom price rather than RMB23,800-24,100/t (USD3,855-3,904/t) ex works, the novel price.

A Henan magnesium alloy bar smelter with an output of 100tpm confirms with Asian Metal the wait-and-see state of mind of downstream purchasers particularly when bar keeps declining in price. “More and more buyers feel like looking on since they find bar’s (length: 1.Asian Metal Copyright7m, radius: 6-7cm been getting cheaper since two months ago,” judged the source, making price adjustment according to the market conditions of both magnesium ingot and alloy.Asian Metal Copyright5-1.Asian Metal Copyright “Bar will sell hard so long as buyers stand by on seeing it going cheap,” pointed he, assuring Asian Metal that the market would have testified to stablised prices if magnesium ingot had not undergone price slumps from RMB16,800-17,300t USD2,721-2,802t ex works since two months ago.Asian Metal Copyright7m, radius: 6-7cm) been getting cheaper since two months ago,” judged the source, making price adjustment according to the market conditions of both magnesium ingot and alloy.

“Ingot’s gone cheap to RMB15,500/t (USD2,511/t) ex works in Shaanxi now, RMB200/t (USD32/t) ex works cheaper than last week,” pointed he, who starts to draw the line at RMB23,800/t (USD3,855/t) ex works instead of RMB24,000/t (USD3,887/t) ex works now. According to him, consumers shall take a watching measure whether he springs into action or not.Asian Metal Copyright According to him, consumers shall take a watching measure whether he springs into action or not.Asian Metal Copyright “Buyers would turn to my peers if I refused to give in,” concluded he.

A second Henan producer, who yields average 70-80t of magnesium alloy bar (length: 1.5-1.7m, radius: 6-7cm) every month, has also marked down the price by RMB200/t (USD32/t) ex works ensuing the price glides by another RMB200/t (USD32/t) ex works in ingot recently. “I’d like to sell at RMB23,900/t (USD3,871/t) ex works now,” told he, who drew the line at RMB24,100/t (USD3,904/t) ex works before his price concession.

When he referred to his bar business, the producer revealed that the market is moving slowly in spite of the steady requirement in the past few months. “Bar will sell hard so long as buyers stand by on seeing it going cheap,” pointed he, assuring Asian Metal that the market would have testified to stablised prices if magnesium ingot had not undergone price slumps from RMB16,800-17,300/t (USD2,721-2,802/t) ex works since two months ago.
.Asian Metal Copyright A Henan magnesium alloy bar smelter with an output of 100tpm confirms with Asian Metal the wait-and-see state of mind of downstream purchasers particularly when bar keeps declining in priceAsian Metal Copyright