Chinese fused magnesia-alumina spinel prices firm

BEIJING (Asian Metal) 18 Apr 24 - Though the prices of raw materials increased in the past week, most producers still hold their prices stable for flat sales. The current mainstream prices of Chinese fused magnesia-alumina spinel 65%min 0-8mm stand at RMB4,600-4,700/t (USD638-652/t) EXW D/A 180 days, in line with last week.Asian Metal Copyright They plan to produce about 1,000t this month, unchanged MoM.Asian Metal Copyright As most producers intend to raise their prices to cover the increased production cost, insiders predict that the mainstream prices of Chinese fused magnesia-alumina spinel would move up by the end of this month.

A producer in Liaoning keeps their offer for fused magnesia-alumina 65%min 0-8mm stable at RMB4,650/t (USD645/t) EXW D/A 180 days with a concession of RMB50/t (USD7/t) at most for regular clients. They closed a deal of about 100t at RMB4,600/t (USD638/t) yesterday and around 60t at the same price late last week.Asian Metal Copyright At present, they hold around 200t in stock, up by around 100t from March.Asian Metal Copyright "We keep price unchanged this week for flat sales, but already informed our regular clients of the increase of prices of raw materials," the producer revealed, noting that they plan to lift the price late this month to cover the increased production cost.Asian Metal Copyright As most producers intend to raise their prices to cover the increased production cost, insiders predict that the mainstream prices of Chinese fused magnesia-alumina spinel would move up by the end of this month.Asian Metal Copyright They believe that the mainstream prices of Chinese fused magnesia-alumina spinel would rise by the end of this month.

Based on a production capacity of 20,000tpy, they produced around 15,000t in 2023 and about 3,500t so far in 2024. They expect to produce about 1,000t in April, in line with March.Asian Metal CopyrightBEIJING Asian Metal 18 Apr 24 - Though the prices of raw materials increased in the past week, most producers still hold their prices stable for flat sales.Asian Metal Copyright Now they hold an inventory of about 800t, up by around 300t from a month ago.

Another producer in Liaoning presently quotes RMB4,700/t (USD652/t) EXW D/A 180 days and could sell at a price as low as RMB4,600/t (USD632/t) only to regular clients, unchanged over the past week. "Despite the increased production cost, we still choose to hold the price steady just for stable cooperation with regular clients," the producer disclosed, adding that they sold about 62t at RMB4,680/t (USD650/t) this Monday, compared to about 100t at RMB4,600/t (USD638/t) last Friday.Asian Metal Copyright A producer in Liaoning keeps their offer for fused magnesia-alumina 65%min 0-8mm stable at RMB4,650t USD645t EXW DA 180 days with a concession of RMB50t USD7t at most for regular clients.Asian Metal Copyright However, they have to lift the price by the end of this month due to the thin margin.Asian Metal Copyright "Despite the increased production cost, we still choose to hold the price steady just for stable cooperation with regular clients," the producer disclosed, adding that they sold about 62t at RMB4,680t USD650t this Monday, compared to about 100t at RMB4,600t USD638t last Friday.Asian Metal Copyright They predict that the mainstream fused magnesia-alumina prices would increase in the coming two weeks.

With an annual production capacity of 15,000t, they produced about 12,000t in 2023 and around 3,000t so far in 2024. They plan to produce about 1,000t this month, unchanged MoM.Asian Metal Copyright They plan to produce about 1,000t this month, unchanged MoM.Asian Metal Copyright At present, they hold around 200t in stock, up by around 100t from March.
.Asian Metal Copyright With an annual production capacity of 15,000t, they produced about 12,000t in 2023 and around 3,000t so far in 2024Asian Metal Copyright