Europe import Chinese dead burned magnesia prices run stable
2023-03-10 09:38:27 [Print]
BEIJING (Asian Metal) 10 Mar 23 - The mainstream import prices of dead burned magnesia 90%min 0-30mm stood at USD245-250/t CIF Rotterdam currently, in line with half a month ago. As most Chinese suppliers have no intention to decline the prices supported by production cost and the ocean freight kept stable, insiders estimate that the mainstream import prices of Chinese dead burned magnesia in Europe would keep flat in the coming week.
A trader in Germany claimed, "Our Chinese supplier offered about USD245/t D/A 30days CIF Rotterdam for dead burned magnesia 90%min 0-3mm this week, but we didn't replenish any stocks due to enough inventory," adding that they last purchased about 1,000t at such price two weeks ago with ocean freight of USD34/t. The trader predicts that the mainstream import prices of Chinese dead burned magnesia would flatten out in the coming week due to stable domestic prices and unchanged ocean freight.
With a typical monthly trading volume of 5,000t, they plan to import about 5,000t this month, in line with last month, holding an inventory of 2,000t for the time being.
"We imported about 1,000t of dead burned magnesia 90%min 0-30mm from China at USD250/t CIF Rotterdam with no more concession early this month," a producer in Switzerland disclosed, adding that their supplier offered about USD 185/t FOB China with the ocean freight of USD33/t, unchanged from half a month ago. They claimed that they would import some stocks next time from Antwerp as the freight would be cheaper and they believed that the mainstream import prices of Chinese dead burned magnesia in Europe would remain steady in the coming days due to flat prices from their suppliers.
Based on an annual production capacity of 30,000t, they plan to import about 2,000t in March, on par with February. Now they hold about 500t of stocks.
A trader in Germany claimed, "Our Chinese supplier offered about USD245/t D/A 30days CIF Rotterdam for dead burned magnesia 90%min 0-3mm this week, but we didn't replenish any stocks due to enough inventory," adding that they last purchased about 1,000t at such price two weeks ago with ocean freight of USD34/t. The trader predicts that the mainstream import prices of Chinese dead burned magnesia would flatten out in the coming week due to stable domestic prices and unchanged ocean freight.
With a typical monthly trading volume of 5,000t, they plan to import about 5,000t this month, in line with last month, holding an inventory of 2,000t for the time being.
"We imported about 1,000t of dead burned magnesia 90%min 0-30mm from China at USD250/t CIF Rotterdam with no more concession early this month," a producer in Switzerland disclosed, adding that their supplier offered about USD 185/t FOB China with the ocean freight of USD33/t, unchanged from half a month ago. They claimed that they would import some stocks next time from Antwerp as the freight would be cheaper and they believed that the mainstream import prices of Chinese dead burned magnesia in Europe would remain steady in the coming days due to flat prices from their suppliers.
Based on an annual production capacity of 30,000t, they plan to import about 2,000t in March, on par with February. Now they hold about 500t of stocks.
