Magnesia Industry Annual Report 2018
2019-03-06 17:55:46 【Print】
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Affected by policies on environmental inspections and mining integration, magnesia prices fluctuate shaprly in China in 2018. Affected by the loosened export quota policy, magnesia prices went up rapidly in 2017, leading to serious oversupply. In 2018, the real estate industry was sluggish and the demand for building material was weak. Against this backdrop, magnesia producers held large volumes of stocks in the first half of 2018 and magnesia prices declined continuously although producers constantly lowered their operating rates; in the second half of 2018, magnesia prices kept increasing as the supply of magensite tightened as a resut of the mining integration, overseas customers refilled more magnesia stocks affected by Sino-US trade war and over 90% of magnesia producers halted production due to strict environmental inspections in Dashiqiao and Haicheng. With the end of the environmental acceptance check, dead burned magnesia producers successively resumed production in early December and prices stabilized temporarily.
China's export volume for magnesia obviously slowed down in increasing in 2018. In particular, the export volume for fused magnesia was slightly lower than 2017.
China's export volume for magnesia obviously slowed down in increasing in 2018. In particular, the export volume for fused magnesia was slightly lower than 2017.
