Chinese dead burned magnesia export prices remain stable
2023-03-23 08:30:43 [Print]
BEIJING (Asian Metal) 23 Mar 23 - Most exporters kept their prices unchanged this week as the domestic suppliers refused to lower their prices. The current mainstream export prices of Chinese dead burned magnesia MgO 90%min, SiO2 5%max, CaO 2.5%max, B.D. 3.10min, 3-15mm stand at USD185-195/t T/T 30 days FOB China, unchanged from early this week. Given that most domestic suppliers held their prices stable, insiders predict that the mainstream export prices of Chinese dead burned magnesia would hover at the current level in the coming week.
"We offered USD190/t FOB China with no more concessions for dead burned magnesia MgO 91%min, SiO2 3.8%max, CaO 2.5%max, B.D. 3.20min, 3-15mm unchanged from early this week", an exporter in Haicheng claimed. They received no inquiry after they last sold around 1,200t at such price mid this month. In view of thin profit and sluggish market, they predict that the mainstream export prices of Chinese dead burned magnesia would stand stable in the upcoming week.
Based on a regular monthly export volume of 15,000t, they estimate to export about 7,000t in March due to sluggish demand, compared with around 20,000t last month as most regular clients built stocks. They have no inventory presently.
Another trader in Liaoning said, "We could accept the price as low as USD200/t T/T 30 days FOB China for dead burned magnesia MgO 92%min, SiO2 5%max, CaO 2.5%max, B.D. 3.12min, 3-15mm since the beginning of this week". They offered USD200/t to a customer who wanted to purchase 450t yesterday but they believed it not a firm bid, adding that they last exported around 800t at such price mid last week. Considering stable domestic prices, they still plan to hold their price firm and believe that the mainstream export prices of Chinese dead burned magnesia would stay steady in the following week.
With a regular monthly export volume of 10,000t, they predict to export about 8,000t in March, in line with last month. They hold nearly 10,000t of stocks at present.
"We offered USD190/t FOB China with no more concessions for dead burned magnesia MgO 91%min, SiO2 3.8%max, CaO 2.5%max, B.D. 3.20min, 3-15mm unchanged from early this week", an exporter in Haicheng claimed. They received no inquiry after they last sold around 1,200t at such price mid this month. In view of thin profit and sluggish market, they predict that the mainstream export prices of Chinese dead burned magnesia would stand stable in the upcoming week.
Based on a regular monthly export volume of 15,000t, they estimate to export about 7,000t in March due to sluggish demand, compared with around 20,000t last month as most regular clients built stocks. They have no inventory presently.
Another trader in Liaoning said, "We could accept the price as low as USD200/t T/T 30 days FOB China for dead burned magnesia MgO 92%min, SiO2 5%max, CaO 2.5%max, B.D. 3.12min, 3-15mm since the beginning of this week". They offered USD200/t to a customer who wanted to purchase 450t yesterday but they believed it not a firm bid, adding that they last exported around 800t at such price mid last week. Considering stable domestic prices, they still plan to hold their price firm and believe that the mainstream export prices of Chinese dead burned magnesia would stay steady in the following week.
With a regular monthly export volume of 10,000t, they predict to export about 8,000t in March, in line with last month. They hold nearly 10,000t of stocks at present.
