Magnesia Market Report August 2014

Contents
Abstract 5
1 Financial Overview 5
1.1 Domestic financial overview 5
1.1.Asian Metal Copyright2 Chinese dead burned magnesia exports up by 100.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright1 Haicheng Asia-Pacific cuts production of magnesia from July to September 9 2.Asian Metal Copyright3% and PPI down by 0.9% YOY in July 5
1.1.2 August PMI down obviously 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices keep falling down 7
1.2.2 US dollar strong again amid depressed European economy 8
2 Company news 9
2.1 Haicheng Asia-Pacific cuts production of magnesia from July to September 9
2.2 Hongyi will increase production of crystal fused magnesia 9
2.3 Haicheng Hualin does not plan to resume full production of magnesia 9
2.4 Dashiqiao Quanshun’s magnesia operation rate is about 35% during August 9
3 Chinese Domestic market review 10
3.1 Fused magnesia market keeps sluggish 10
3.2 Dead burned magnesia market flat 10
3.3 Chinese caustic calcined market stable 11
4 International market review 11
4.1 European market lack changes 11
4.2 Chinese magnesia export market 12
4.2.1 Fused magnesia export market active 12
4.2.2 Dead burned magnesia export prices stable 13
4.2.3 Caustic calcined magnesia prices up 14
5 Chinese magnesia producers' operation rate analysis 15
5.1 Chinese magnesia producers' operation rate up by 4%MOM in August 15
6 Export data 16
6.1 Chinese magnesia exports up by 47.99% MOM in July 16
6.1.Asian Metal Copyright1 Chinese magnesia exports up by 47.Asian Metal Copyright1 Chinese fused magnesia exports up by 122.16% MOM in July 17
6.1.Asian Metal Copyright24% MOM in July 19 6.Asian Metal Copyright2 Chinese dead burned magnesia exports up by 100.24% MOM in July 19
6.1.Asian Metal Copyright1.Asian Metal Copyright3 Chinese caustic calcined magnesia exports down by 28.39% MOM in July 21
6.2 Top ten Chinese fused magnesia exporters in July 22
6.3 Top ten Chinese dead burned magnesia exporters in July 23
6.4 Top ten Chinese caustic calcined magnesia exporters in July 23
6.5 Chinese magnesia exporters in July 2014 24
7 Related industry developments 31
7.1 PMI index of Chinese steel industry in August fell 31
7.2 Credit risk in steel industry differentiation accelerated 31
8 Outlook for September 31

Picture 1 China's CPI and PPI trend in 2012-2014 6
Picture 2 PMI index of Chinese manufacturing industry 7
Picture 3 Crude oil futures prices trend in the US major transaction market in August 8
Picture 4 US dollar index trend 9
Picture 5 Chinese fused magnesia 97%min, 0-30mm (Ca:Si=1:1)price trend (RMB/t) in August 10
Picture 6 Chinese high purity magnesia 97%min, 0-30mm price trend (RMB/t) in August 11
Picture 7 Chinese fused magnesia 97%min, 0-30mm (Ca:Si=2:1) price trend (USD/t) in July 13
Picture 8 Chinese high purity magnesia 97%min, 0-30mm price trend (USD/t) in August 14
Picture 9 Chinese caustic calcined 90%min, 200mesh price trend (USD/t) in July 15
Picture 10 Chinese magnesia total exports Jan-July (ton) 2014 17
Picture 11 Chinese fused magnesia exports Jan-July (ton) 2014 17
Picture 12 Chinese fused magnesia exports by major destinations (ton) in 2014 18
Picture 13 Chinese fused magnesia export prices Jan-July (USD/t) 2014 18
Picture 14 Chinese dead burned magnesia exports Jan-July (ton) 2014 19
Picture 15 Chinese dead burned magnesia by major destinations exports (ton) in 2014 20
Picture 16 Chinese dead burned magnesia export prices Jan-July (USD/t) 2014 20
Picture 17 Chinese caustic calcined magnesia exports Jan-July (ton) 2014 21
Picture 18 Chinese caustic calcined magnesia exports by major destinations (ton) 2014 22
Picture 19 Chinese caustic calcined magnesia export prices Jan-July (USD/t) 2014 22

Table 1 Operation rate of Chinese magnesia producers in August 15
Table 2 Top ten Chinese fused magnesia exporters in July 2014 22
Table 3 Top ten Chinese dead burned magnesia exporters in July 2014 23
Table 4 Top ten Chinese caustic calcined magnesia exporters in July 2014 23
Table 5 Chinese magnesia exporters in July 2014 24

.Asian Metal Copyright1 European market lack changes 11 4Asian Metal Copyright