Chinese dead burned magnesia prices firmed
2023-04-26 08:13:57 [Print]
BEIJING (Asian Metal) 26 Apr 23 - Although the market witnessed the few deals due to weak demand in steel mills, most suppliers insisted on their prices support by production cost. The current mainstream prices of Chinese dead burned magnesia 90%min 3-15mm stand at RMB1,150-1,200/t (USD167-174/t) EXW D/A 180 days, in line with last week. Insiders estimated that the mainstream prices of Chinese dead burned magnesia would keep stable in the coming week.
"We couldn't accepting the price lower than RMB1,150/t (USD167/t) EXW D/P for dead burned magnesia 90%min 3-15mm and we held our quotation firmed since last week," a producer in Liaoning claimed. They didn't close any deal today as their client's counteroffer was RMB50/t (USD7.3/t) lower than their quotation. While they last sold about 100t at such price on Thursday last week. They suspended production due to lackluster market demand. Even so, they still had a strong willingness to hold price stable supported by production cost and believed that the mainstream prices of Chinese dead burned magnesia would steady in the coming week.
The producer, based on production capacity of 72,000tpy, didn't produce these two months. Now they hold and inventory of 1,500t, down by 500t from late last month.
Another producer in Liaoning mentioned, "We could consider accepting the price as low as RMB1,200/t (USD174/t) EXW D/A 180 days for dead burned magnesia 90%min 3-15mm today, identical to last week, but failed to conclude any deal due to no inquiry". While they sold around 200t at such price with no more concession last Friday. As the steel industry market still kept inactive over the past month, the market demand for dead burned magnesia went soft. However, they predicted that the mainstream prices of Chinese dead burned magnesia would flatten out in the coming week supported by production cost.
With an annual production capacity of 60,000t, they produced around 2,000t this month, unchanged from last month, holding an inventory of 1,500t at the moment.
"We couldn't accepting the price lower than RMB1,150/t (USD167/t) EXW D/P for dead burned magnesia 90%min 3-15mm and we held our quotation firmed since last week," a producer in Liaoning claimed. They didn't close any deal today as their client's counteroffer was RMB50/t (USD7.3/t) lower than their quotation. While they last sold about 100t at such price on Thursday last week. They suspended production due to lackluster market demand. Even so, they still had a strong willingness to hold price stable supported by production cost and believed that the mainstream prices of Chinese dead burned magnesia would steady in the coming week.
The producer, based on production capacity of 72,000tpy, didn't produce these two months. Now they hold and inventory of 1,500t, down by 500t from late last month.
Another producer in Liaoning mentioned, "We could consider accepting the price as low as RMB1,200/t (USD174/t) EXW D/A 180 days for dead burned magnesia 90%min 3-15mm today, identical to last week, but failed to conclude any deal due to no inquiry". While they sold around 200t at such price with no more concession last Friday. As the steel industry market still kept inactive over the past month, the market demand for dead burned magnesia went soft. However, they predicted that the mainstream prices of Chinese dead burned magnesia would flatten out in the coming week supported by production cost.
With an annual production capacity of 60,000t, they produced around 2,000t this month, unchanged from last month, holding an inventory of 1,500t at the moment.
