Chinese caustic calcined magnesia market sees steady prices
2023-03-23 08:30:37 [Print]
BEIJING (Asian Metal) 23 Mar 23 – Considering high production costs and the weak demand from the terminal market, most suppliers of caustic calcined magnesia stick to their current prices. Therefore, the current mainstream prices of Chinese caustic calcined magnesia MgO 97%min, SiO2 0.7%max, CaO 1.5%max, Fe2O3 0.7%max, 0-5mm stand stable at RMB1,750-1,850/t (USD254-269/t) EXW D/A 180 days since early this week. Supported by the high prices of raw materials, insiders predict that the mainstream prices of Chinese caustic calcined magnesia would keep flat in the coming week.
A producer in Xiuyan stated, "We quote RMB1,800/t (USD261/t) EXW D/A 180 days and accept no more concessions for caustic calcined magnesia MgO 97%min, SiO2 0.8%max, CaO 1.8%max, Fe2O3 0.35%max, 0-5mm since early this week". They received no inquiries after they last sold about 400t at such price early this week. They have their own magnesite mine while the exploitation cost stays around RMB320/t (USD46/t) and they last purchased approximately 2,000t of anthracite at RMB1,650/t (USD240/t) delivered from Inner Mongolia mid this month. Therefore, they prefer to hold their price stable and believe that the mainstream prices of Chinese caustic calcined magnesia would keep steady in the following week.
Based on the production capacity of 185,000tpy of caustic calcined magnesia, the producer estimates to produce nearly 6,000t in March, unchanged MoM. They hold approximately 7,000t of stocks currently.
Another producer in Haicheng noted, "We offer RMB1,800/t (USD261/t) EXW D/P with no concession for caustic calcined magnesia MgO 97%min, SiO2 0.6%max, CaO 1.7%max, Fe2O3 0.8%max, 0-5mm, unchanged from early this week", adding that they last sold around 200t at such price late last week. The producer claimed that the profit remains thin while they could only maintain orders from regular clients since early last month, so they predict that the mainstream prices of Chinese caustic calcined magnesia would remain unchanged in the week to come.
The producer, with an annual production capacity of 720,000t of caustic calcined magnesia, predicts to produce around 3,000t in March, in line with last month. They have an inventory of almost 2,000t at present.
A producer in Xiuyan stated, "We quote RMB1,800/t (USD261/t) EXW D/A 180 days and accept no more concessions for caustic calcined magnesia MgO 97%min, SiO2 0.8%max, CaO 1.8%max, Fe2O3 0.35%max, 0-5mm since early this week". They received no inquiries after they last sold about 400t at such price early this week. They have their own magnesite mine while the exploitation cost stays around RMB320/t (USD46/t) and they last purchased approximately 2,000t of anthracite at RMB1,650/t (USD240/t) delivered from Inner Mongolia mid this month. Therefore, they prefer to hold their price stable and believe that the mainstream prices of Chinese caustic calcined magnesia would keep steady in the following week.
Based on the production capacity of 185,000tpy of caustic calcined magnesia, the producer estimates to produce nearly 6,000t in March, unchanged MoM. They hold approximately 7,000t of stocks currently.
Another producer in Haicheng noted, "We offer RMB1,800/t (USD261/t) EXW D/P with no concession for caustic calcined magnesia MgO 97%min, SiO2 0.6%max, CaO 1.7%max, Fe2O3 0.8%max, 0-5mm, unchanged from early this week", adding that they last sold around 200t at such price late last week. The producer claimed that the profit remains thin while they could only maintain orders from regular clients since early last month, so they predict that the mainstream prices of Chinese caustic calcined magnesia would remain unchanged in the week to come.
The producer, with an annual production capacity of 720,000t of caustic calcined magnesia, predicts to produce around 3,000t in March, in line with last month. They have an inventory of almost 2,000t at present.
