Chinese high-purity dead burned magnesia prices up
2024-04-10 08:26:35 [Print]
BEIJING (Asian Metal) 10 Apr 24 - Supported by increased magnesite prices, most suppliers lift their prices in the past week. The current mainstream prices of Chinese dead burned magnesia 97%min 0-30mm (Ca:Si=2:1min) stand at RMB2,250-2,300/t (USD312-319/t) EXW D/A 180 days, up by about RMB50/t (USD/t) from a week ago. Considering that most buyers refuse further increased prices, insiders predict that the mainstream prices of Chinese dead burned magnesia 97%min would keep flat in the coming week.
"We purchased about 1,000t of dead burned magnesia 97%min 0-30mm (Ca:Si=2:1min) at RMB2,250/t (USD312/t) yesterday, compared to about 2,000t at RMB2,200/t (USD305/t) in mid March," a consumer in northern China revealed, adding that their regular supplier now quotes RMB2,250/t (USD312/t) EXW D/A 180 days with no concession, while the supplier could sell at the price as low as RMB2,200/t (USD305/t) late last month. Considering the dim demand for bricks from steel mills, the consumer refuses to accept a higher price and believes that the mainstream prices of Chinese dead burned magnesia 97%min would keep stable in the coming week.
With an annual consumption capacity of 100,000t, they consumed about 70,000t in 2023 and about 11,000t so far in 2024. They expect to consume about 3,500t in April, in line with March. Now they have about 2,000t in stock, reduced by about 2,500t from a month ago.
"Supported by increased magnesite prices, our regular supplier lifted their quotation from RMB2,200/t (USD305/t) late last month to RMB2,300/t (USD319/t) EXW D/A 180 days for dead burned magnesia 97%min 0-30mm (Ca:Si=2min) now," another consumer in northern China disclosed, noting that they could purchase at the price as low as RMB2,250/t (USD312/t) as a regular buyer. They plan to purchase about 500t at RMB2,250/t (USD312/t) within 10 days and last purchased about 2,000t at RMB2,200/t (USD305/t) in late December. They would not accept any further increased price and predict that the mainstream prices of Chinese dead burned magnesia 97%min would remain unchanged in the coming week.
Based on a consumption capacity of 20,000tpy, they consumed about 6,000t in 2024 and about 1,300t so far in 2024. They expect to consume about 400t in April, in line with March. Now they hold about 300t in stock, down by about 400t from a month ago.
"We purchased about 1,000t of dead burned magnesia 97%min 0-30mm (Ca:Si=2:1min) at RMB2,250/t (USD312/t) yesterday, compared to about 2,000t at RMB2,200/t (USD305/t) in mid March," a consumer in northern China revealed, adding that their regular supplier now quotes RMB2,250/t (USD312/t) EXW D/A 180 days with no concession, while the supplier could sell at the price as low as RMB2,200/t (USD305/t) late last month. Considering the dim demand for bricks from steel mills, the consumer refuses to accept a higher price and believes that the mainstream prices of Chinese dead burned magnesia 97%min would keep stable in the coming week.
With an annual consumption capacity of 100,000t, they consumed about 70,000t in 2023 and about 11,000t so far in 2024. They expect to consume about 3,500t in April, in line with March. Now they have about 2,000t in stock, reduced by about 2,500t from a month ago.
"Supported by increased magnesite prices, our regular supplier lifted their quotation from RMB2,200/t (USD305/t) late last month to RMB2,300/t (USD319/t) EXW D/A 180 days for dead burned magnesia 97%min 0-30mm (Ca:Si=2min) now," another consumer in northern China disclosed, noting that they could purchase at the price as low as RMB2,250/t (USD312/t) as a regular buyer. They plan to purchase about 500t at RMB2,250/t (USD312/t) within 10 days and last purchased about 2,000t at RMB2,200/t (USD305/t) in late December. They would not accept any further increased price and predict that the mainstream prices of Chinese dead burned magnesia 97%min would remain unchanged in the coming week.
Based on a consumption capacity of 20,000tpy, they consumed about 6,000t in 2024 and about 1,300t so far in 2024. They expect to consume about 400t in April, in line with March. Now they hold about 300t in stock, down by about 400t from a month ago.
