Chinese fused magnesia prices steady
2023-03-14 08:22:10 [Print]
BEIJING (Asian Metal) 14 Mar 23 – Considering soft demand from the end market, most producers prefer to hold their prices stable today supported by high production costs. Therefore, the current mainstream prices of Chinese fused magnesia MgO 97.5%min, Ca/Si=2min, B.D. 3.50min, 0-30mm stand at RMB5,400-5,600/t (USD786-815/t) EXW D/A 180 days, in line with last Friday. In view of thin profit and sluggish demand, insiders predict that the mainstream prices of Chinese fused magnesia would keep stable in the week to come.
A producer from Xiuyan claimed, "We offered RMB5,500/t (USD801/t) EXW D/P for fused magnesia MgO 97.5%min, Ca/Si=2min, B.D. 3.50min, 200-300mm and could accept no concession from last Friday", adding that they last sold about 300t at such price on last Thursday. Although they have their own magnesite mine, the mining cost would remain at RMB300/t (USD44/t). Therefore, they decide to hold the price stable and predict that the mainstream prices of Chinese fused magnesia would remain unchanged in the following week.
With a production capacity of 150,000tpy, they predict to produce about 10,000t in March, similar to last month. They have no inventory now.
Another producer in Xiuyan stated, "We quoted RMB5,700/t (USD830/t) EXW D/A 180 days for fused magnesia MgO 98%min, Ca/Si=2min, B.D. 3.48min, 10-180mm with the concession as much as RMB100/t (USD15/t) for regular clients since last Friday". They last sold nearly 500t at RMB5,600/t (USD815/t) late last week. Supported by high production cost, they plan to hold the price stable and believe that the mainstream prices of Chinese fused magnesia would keep flat in the coming week.
Based on an annual production capacity of 120,000tpy, they estimate to produce around 4,000t in March, in line with last month. They hold approximately 5,000t of stocks at present.
A producer from Xiuyan claimed, "We offered RMB5,500/t (USD801/t) EXW D/P for fused magnesia MgO 97.5%min, Ca/Si=2min, B.D. 3.50min, 200-300mm and could accept no concession from last Friday", adding that they last sold about 300t at such price on last Thursday. Although they have their own magnesite mine, the mining cost would remain at RMB300/t (USD44/t). Therefore, they decide to hold the price stable and predict that the mainstream prices of Chinese fused magnesia would remain unchanged in the following week.
With a production capacity of 150,000tpy, they predict to produce about 10,000t in March, similar to last month. They have no inventory now.
Another producer in Xiuyan stated, "We quoted RMB5,700/t (USD830/t) EXW D/A 180 days for fused magnesia MgO 98%min, Ca/Si=2min, B.D. 3.48min, 10-180mm with the concession as much as RMB100/t (USD15/t) for regular clients since last Friday". They last sold nearly 500t at RMB5,600/t (USD815/t) late last week. Supported by high production cost, they plan to hold the price stable and believe that the mainstream prices of Chinese fused magnesia would keep flat in the coming week.
Based on an annual production capacity of 120,000tpy, they estimate to produce around 4,000t in March, in line with last month. They hold approximately 5,000t of stocks at present.
