European caustic calcined magnesia market kept soft demand
2023-04-07 07:45:07 [Print]
BEIJING (Asian Metal) 7 Apr 23 - The caustic calcined magnesia market in Europe remained weak demand during the past two weeks. However, the mainstream import prices of caustic calcined magnesia 90%min 200 mesh kept stable at USD195-200/t CIF Europe in the past two weeks supported by stable domestic prices and ocean freight. Given that most suppliers in China stick to stabilizing their prices, insiders predict that the mainstream import prices of caustic calcined magnesia in Europe would flatten out in the coming two weeks.
"We purchased about 20,000t of caustic calcined magnesia 90%min 200 mesh a year as feed material before 2022. However, our imports from China plummeted to 8,000t a year due to weak demand in Europe now," a consumer in Europe reported. Their supplier kept the quotation for caustic calcined magnesia 90%min 200 mesh unchanged for nearly half a month. While they last imported about 500t at USD198/t CIF Europe with no more concession on March 28th. Supported by stable prices in China and flat ocean freight, they predict that the mainstream import prices of caustic calcined magnesia in Europe would remain steady in the coming two weeks.
With a consumption capacity of 8,000tpy, they predict to consume about 600t in April, unchanged from last month, holding an inventory of 500t now.
Another consumer in Europe stated, "Due to weak demand, the market saw few deals during the past two weeks," adding that their Chinese supplier quoted about USD195/t CIF Europe for caustic calcined magnesia 90%min 200 mesh and refused any lower price today. They last imported about 200t at such price in the early this month. Supported by tin profits and stable ocean freight, they predicted that the mainstream import prices of caustic calcined magnesia would keep firmed in the following days.
Based on an annual consumption capacity of 2,000t, they predict to consume about 200t in April, on par with last month. Now they hold around 200t of stocks in hand.
"We purchased about 20,000t of caustic calcined magnesia 90%min 200 mesh a year as feed material before 2022. However, our imports from China plummeted to 8,000t a year due to weak demand in Europe now," a consumer in Europe reported. Their supplier kept the quotation for caustic calcined magnesia 90%min 200 mesh unchanged for nearly half a month. While they last imported about 500t at USD198/t CIF Europe with no more concession on March 28th. Supported by stable prices in China and flat ocean freight, they predict that the mainstream import prices of caustic calcined magnesia in Europe would remain steady in the coming two weeks.
With a consumption capacity of 8,000tpy, they predict to consume about 600t in April, unchanged from last month, holding an inventory of 500t now.
Another consumer in Europe stated, "Due to weak demand, the market saw few deals during the past two weeks," adding that their Chinese supplier quoted about USD195/t CIF Europe for caustic calcined magnesia 90%min 200 mesh and refused any lower price today. They last imported about 200t at such price in the early this month. Supported by tin profits and stable ocean freight, they predicted that the mainstream import prices of caustic calcined magnesia would keep firmed in the following days.
Based on an annual consumption capacity of 2,000t, they predict to consume about 200t in April, on par with last month. Now they hold around 200t of stocks in hand.
