Chinese caustic calcined magnesia prices stabilize
2024-04-16 08:31:59 [Print]
BEIJING (Asian Metal) 16 Apr 24 - Supported by increased magnesite prices, most producers refuse to lower the prices this week. The current mainstream prices of Chinese caustic calcined magnesia 85%min 200mesh stand at RMB665-695/t (USD93-97/t) EXW D/A 180 days, in line with a week ago. Considering that most producers intend to keep their prices stable for flat sales, insiders predict that the mainstream prices of Chinese caustic calcined magnesia 85%min would remain stable this week.
A producer in Liaoning now quotes RMB690/t (USD97/t) EXW D/A 180 days with a concession of RMB10/t (USD1.40/t) at most for caustic calcined magnesia 85%min 200mesh, in line with late last week. "After lowering the price by about RMB40/t (USD5.63/t) in the past month, we refuse to lower the price further based on increased magnesite prices," the producer revealed, adding that they sold about 500t at RMB680/t (USD95/t) this morning, compared to about 800t at the same price mid last week. In overall consideration of increased production cost and fierce competition from other producers, they intend to keep their price stable this week and believe that the mainstream prices of Chinese caustic calcined magnesia 85%min would remain flat by the end of this week.
With a production capacity of 400,000tpy, they produced about 60,000t in 2023 and about 20,000t so far in 2024. They predict to produce about 10,000t in April, in line with March. Now they have around 5,000t in stock, up by around 2,000t from late last month.
Another producer in Liaoning presently offers RMB670/t (USD94/t) EXW D/A 180 days with no concession for caustic calcined magnesia 85%min 200mesh, in line with late last week. "Due to the weak demand and decreased coal prices, we decreased our price from RMB710/t (USD100/t) mid last month to RMB670/t (USD94/t) late last week," the producer claimed, noting that they would not lower their price further as the magnesite prices increased. They last sold about 60t at RMB670/t (USD94/t) last Friday. They predict that the mainstream prices of Chinese caustic calcined magnesia 85%min would stay steady this week.
Based on a production capacity of 50,000tpy, they produced about 20,000t in 2023 and about 3,000t so far in 2024. They predict to produce about 1,800t in April, unchanged MoM. At present, they have an inventory of about 800t, up by about 200t from late last month.
A producer in Liaoning now quotes RMB690/t (USD97/t) EXW D/A 180 days with a concession of RMB10/t (USD1.40/t) at most for caustic calcined magnesia 85%min 200mesh, in line with late last week. "After lowering the price by about RMB40/t (USD5.63/t) in the past month, we refuse to lower the price further based on increased magnesite prices," the producer revealed, adding that they sold about 500t at RMB680/t (USD95/t) this morning, compared to about 800t at the same price mid last week. In overall consideration of increased production cost and fierce competition from other producers, they intend to keep their price stable this week and believe that the mainstream prices of Chinese caustic calcined magnesia 85%min would remain flat by the end of this week.
With a production capacity of 400,000tpy, they produced about 60,000t in 2023 and about 20,000t so far in 2024. They predict to produce about 10,000t in April, in line with March. Now they have around 5,000t in stock, up by around 2,000t from late last month.
Another producer in Liaoning presently offers RMB670/t (USD94/t) EXW D/A 180 days with no concession for caustic calcined magnesia 85%min 200mesh, in line with late last week. "Due to the weak demand and decreased coal prices, we decreased our price from RMB710/t (USD100/t) mid last month to RMB670/t (USD94/t) late last week," the producer claimed, noting that they would not lower their price further as the magnesite prices increased. They last sold about 60t at RMB670/t (USD94/t) last Friday. They predict that the mainstream prices of Chinese caustic calcined magnesia 85%min would stay steady this week.
Based on a production capacity of 50,000tpy, they produced about 20,000t in 2023 and about 3,000t so far in 2024. They predict to produce about 1,800t in April, unchanged MoM. At present, they have an inventory of about 800t, up by about 200t from late last month.
