Chinese fused magnesia export market witnesses steady prices
2023-03-27 08:25:25 [Print]
BEIJING (Asian Metal) 27 Mar 23 – Most Chinese fused magnesia exporters hold their prices firm this week supported by stable domestic prices. Therefore, the mainstream export prices of Chinese fused magnesia MgO 97.5%min, Ca/Si=2min, B.D. 3.5min, 0-30mm stand stable at USD805-835/t T/T 30 days FOB China since early this week. Considering the dim market, insiders predict that the mainstream export prices of Chinese fused magnesia would decrease in the coming week.
"We kept the quotation for fused magnesia MgO 97.5%min, Ca/Si=2min, B.D. 3.5min, 0-30mm at USD830/t FOB China and could accept the concession as much as USD10/t from early this week ", an exporter in Liaoning claimed. They offered USD830/t to a Japanese client who wanted to buy 200t early this week but they believe that they would not close the deal as the client could only accept USD800/t at most. They last sold nearly 200t at USD820/t in the middle of this month and believe that they would close no deals in the coming week due to no inquiries. Given the weak demand, they predict that the mainstream export prices of Chinese fused magnesia would go down in the upcoming week.
Based on a regular monthly export volume of 500t, they estimate to export approximately 200t in March due to the dim market, compared with nearly 500t last month. They have no inventory presently.
"We held our price stable for MgO 97.5%min, Ca/Si=1.8min, B.D. 3.5min, 0-30mm at USD810/t FOB China and refused any lower price from early this week because our suppliers in domestic market refused any lower prices", an exporter in Liaoning claimed. They received no inquiries after they last sold around 100t at USD810/t mid last month. The exporter believes that the mainstream export prices of Chinese fused magnesia would fall in the following week.
With a regular export volume of 500tpm, they expect to close no deals because of no inquiries, compared with around 200t last month. Now they hold no stocks.
"We kept the quotation for fused magnesia MgO 97.5%min, Ca/Si=2min, B.D. 3.5min, 0-30mm at USD830/t FOB China and could accept the concession as much as USD10/t from early this week ", an exporter in Liaoning claimed. They offered USD830/t to a Japanese client who wanted to buy 200t early this week but they believe that they would not close the deal as the client could only accept USD800/t at most. They last sold nearly 200t at USD820/t in the middle of this month and believe that they would close no deals in the coming week due to no inquiries. Given the weak demand, they predict that the mainstream export prices of Chinese fused magnesia would go down in the upcoming week.
Based on a regular monthly export volume of 500t, they estimate to export approximately 200t in March due to the dim market, compared with nearly 500t last month. They have no inventory presently.
"We held our price stable for MgO 97.5%min, Ca/Si=1.8min, B.D. 3.5min, 0-30mm at USD810/t FOB China and refused any lower price from early this week because our suppliers in domestic market refused any lower prices", an exporter in Liaoning claimed. They received no inquiries after they last sold around 100t at USD810/t mid last month. The exporter believes that the mainstream export prices of Chinese fused magnesia would fall in the following week.
With a regular export volume of 500tpm, they expect to close no deals because of no inquiries, compared with around 200t last month. Now they hold no stocks.
