Chinese fused magnesia prices steady
2023-03-16 08:36:12 [Print]
BEIJING (Asian Metal) 16 Mar 23 - Considering dim market but high production costs, most suppliers hold their prices unmoved today. Therefore, the current mainstream prices of Chinese fused magnesia MgO 97%min, Ca/Si=2min, B.D. 3.45min, 0-30mm stand at RMB3,300-3,500/t (USD480-509/t) EXW D/A 180 days, in line with early this week. In view of thin profit despite sluggish demand, insiders predict that the mainstream prices of Chinese fused magnesia would keep flat in the week to come.
"We offered RMB3,500/t (USD509/t) EXW D/A 180 days for fused magnesia MgO 97%min, Ca/Si=2min, B.D. 3.28min, 0-120mm this week and considered RMB50 (USD7/t) as our best concession, unchanged from last Friday", said a producer in Haicheng. They closed no deal today and last sold around 500t at RMB3,450/t (USD502/t) last Wednesday. Despite dim market, they intend to stick to their current price because they last purchased about 5,000t of magnesite MgO 47%min, CaO 0.7%max, SiO2 0.5%max, Fe2O3 0.5%max at RMB350/t (USD51/t) delivered from a local mine in the middle of January. They predict that the mainstream prices of Chinese fused magnesia would remain stable in the forthcoming week.
The producer, with an annual production capacity of 80,000t of fused magnesia, predicts to produce nearly 1,000t in March, unchanged MoM. They have no inventory at present.
Another producer in Haicheng said, "We quoted RMB3,300/t (US480/t) EXW D/P and considered no concession for fused magnesia MgO 97%min, Ca/Si=2min, B.D. 3.40min, 0-180mm since early this week," adding that they last sold about 300t at such price about ten days ago. They last bought nearly 5,000t of magnesite MgO 47%min, CaO 0.2%max, SiO2 0.5%max, lump at RMB550/t (USD80/t) delivered from Xiuyan in the middle of January and purchased approximately 10,000t of magnesite powder MgO 47%min at RMB320/t (USD47/t) delivered from a local mine. Therefore, they intend to hold their price firm and predict that the mainstream prices of Chinese fused magnesia would stay unmoved in the following week.
Based on the production capacity of 40,000tpy of fused magnesia, the producer predicts to produce approximately 3,000t in March, similar to last month. They hold about 4,000t of stocks now.
"We offered RMB3,500/t (USD509/t) EXW D/A 180 days for fused magnesia MgO 97%min, Ca/Si=2min, B.D. 3.28min, 0-120mm this week and considered RMB50 (USD7/t) as our best concession, unchanged from last Friday", said a producer in Haicheng. They closed no deal today and last sold around 500t at RMB3,450/t (USD502/t) last Wednesday. Despite dim market, they intend to stick to their current price because they last purchased about 5,000t of magnesite MgO 47%min, CaO 0.7%max, SiO2 0.5%max, Fe2O3 0.5%max at RMB350/t (USD51/t) delivered from a local mine in the middle of January. They predict that the mainstream prices of Chinese fused magnesia would remain stable in the forthcoming week.
The producer, with an annual production capacity of 80,000t of fused magnesia, predicts to produce nearly 1,000t in March, unchanged MoM. They have no inventory at present.
Another producer in Haicheng said, "We quoted RMB3,300/t (US480/t) EXW D/P and considered no concession for fused magnesia MgO 97%min, Ca/Si=2min, B.D. 3.40min, 0-180mm since early this week," adding that they last sold about 300t at such price about ten days ago. They last bought nearly 5,000t of magnesite MgO 47%min, CaO 0.2%max, SiO2 0.5%max, lump at RMB550/t (USD80/t) delivered from Xiuyan in the middle of January and purchased approximately 10,000t of magnesite powder MgO 47%min at RMB320/t (USD47/t) delivered from a local mine. Therefore, they intend to hold their price firm and predict that the mainstream prices of Chinese fused magnesia would stay unmoved in the following week.
Based on the production capacity of 40,000tpy of fused magnesia, the producer predicts to produce approximately 3,000t in March, similar to last month. They hold about 4,000t of stocks now.
