Chinese dead burned magnesia market sees soft demand

BEIJING (Asian Metal) 20 Mar 23 – Considering the weak demand from the end market from early this month, most Chinese dead burned magnesia suppliers prefer to reduce their production rather than lower prices.Asian Metal Copyright The producer, with an annual production capacity of 120,000t of dead burned magnesia, predicts to produce nearly 1,000t in March, compared with approximately 2,000t last month.Asian Metal Copyright Therefore, the current mainstream prices of Chinese dead burned magnesia MgO 90%min, SiO2 5%max, CaO 2.Asian Metal Copyright The producer quoted RMB1,150t USD167t EXW DA 180 days and would accept no concessions for dead burned magnesia MgO 90%min, SiO2 4.Asian Metal Copyright5%max, B.Asian Metal Copyright They last purchased nearly 1,000t of anthracite at RMB1,850t USD269t delivered from Ningxia about two months ago, so they predict that the mainstream prices of Chinese dead burned magnesia would keep unchanged in the coming week.Asian Metal CopyrightD.Asian Metal Copyright They have an inventory of approximately 1,500t at present.Asian Metal Copyright 3.10min, 3-15mm stand at RMB1,150-1,200/t (USD167-175/t) EXW D/A 180 days, in line with early this week.Asian Metal Copyright10min, 3-15mm stand at RMB1,150-1,200t USD167-175t EXW DA 180 days, in line with early this week.Asian Metal Copyright In view of high production costs and sluggish market, insiders predict that the mainstream prices of Chinese dead burned magnesia would keep flat in the week to come.

Another producer in Yingkou revealed, "We halved our production to around 1,000t this month as we closed no deal after we last sold about 100t at RMB1,150/t (USD/t) EXW D/A 180 days early last week". They offered RMB1,200/t (USD175/t) EXW D/A 180 days for dead burned magnesia MgO 90%min, SiO2 5.Asian Metal Copyright5%max, B.Asian Metal Copyright5%max, CaO 2%max, B.Asian Metal Copyright Based on the production capacity of 30,000tpy of dead burned magnesia, the producer suspended from early this month and has no plan to resume yet.Asian Metal CopyrightD.Asian Metal Copyright10min, 3-15mm stand at RMB1,150-1,200t USD167-175t EXW DA 180 days, in line with early this week.Asian Metal Copyright 3.18min, 15-150mm and could accept concessions no more than RMB50/t (USD7/t) since early this week. They last purchased nearly 1,000t of anthracite at RMB1,850/t (USD269/t) delivered from Ningxia about two months ago, so they predict that the mainstream prices of Chinese dead burned magnesia would keep unchanged in the coming week.

The producer, with an annual production capacity of 120,000t of dead burned magnesia, predicts to produce nearly 1,000t in March, compared with approximately 2,000t last month. They have an inventory of approximately 1,500t at present.

Another producer from Dashiqiao stated, "We suspended from early this month due to the sluggish demand from the downstream market and we received no inquiries after we last sold nearly 200t at RMB1,150/t (USD167/t) EXW D/A 180 days around one week ago". The producer quoted RMB1,150/t (USD167/t) EXW D/A 180 days and would accept no concessions for dead burned magnesia MgO 90%min, SiO2 4.Asian Metal Copyright5%max, B.Asian Metal Copyright5%max, CaO 2.Asian Metal Copyright 3.Asian Metal Copyright5%max, B.Asian Metal Copyright10min, 3-15mm stand at RMB1,150-1,200t USD167-175t EXW DA 180 days, in line with early this week.Asian Metal CopyrightD.Asian Metal Copyright In view of high production costs and sluggish market, insiders predict that the mainstream prices of Chinese dead burned magnesia would keep flat in the week to come.Asian Metal Copyright 3.Asian Metal CopyrightBEIJING Asian Metal 20 Mar 23 – Considering the weak demand from the end market from early this month, most Chinese dead burned magnesia suppliers prefer to reduce their production rather than lower prices.Asian Metal Copyright12min, 3-15mm, unchanged from early this week.Asian Metal Copyright5%max, CaO 2.Asian Metal Copyright The producer stated that the prices of raw materials remain high while the market stays sluggish, so they predict that the mainstream prices of Chinese dead burned magnesia would keep unchanged in the coming week.

Based on the production capacity of 30,000tpy of dead burned magnesia, the producer suspended from early this month and has no plan to resume yet. They produced about 2,000t last month and have approximately 1,000t of stocks now.

.Asian Metal Copyright The producer, with an annual production capacity of 120,000t of dead burned magnesia, predicts to produce nearly 1,000t in March, compared with approximately 2,000t last monthAsian Metal Copyright