Dead burned magnesia import prices up in Japan
2024-04-19 08:28:04 [Print]
BEIJING (Asian Metal) 19 Apr 24 - Supported by the increased prices from Chinese exporters, the mainstream import prices of dead burned magnesia 90%min 0-3mm moved up by USD5/t from a week ago, standing at USD200-205/t CIF Japan at present. Considering that most Chinese suppliers have no intention to raise the prices further, insiders predict that the mainstream import prices in Japan of dead burned magnesia would level off in the coming two weeks.
"We purchased about 500t of dead burned magnesia 90%min 0-3mm at USD200/t CIF Japan with a freight of about USD45/t early this week, compared to another 500t at USD195/t early this month," a consumer in Japan revealed, adding that their Chinese supplier slightly raised the price supported by increased prices and reduces supply of magnesite in Liaoning. On the one hand, their supplier have no plan to lift the price further by the end of this month; on the other hand, the consumer would refuse if their supplier does plan to raise the price. They believe that the mainstream import prices in Japan of dead burned magnesia would flatten out in the coming two weeks.
With a consumption capacity of 20,000tpy, they expect to consume about 500t in April, in line with March, holding around 600t in stock at present.
"Our regular Chinese supplier quotes USD210/t CIF Japan with a freight of around USD45/t for dead burned magnesia 90%min 0-3mm this week claiming that producers in Liaoning lifted the prices supported by increased magnesite prices, compared to the offer of USD200/t last week," another consumer in Japan revealed, noting that they finally closed a deal of 400t at USD205/t after negotiating with the supplier yesterday. They last purchased 400t at USD200/t about a month ago. As their supplier claimed to hold the price stable, the consumer predicts that the mainstream import prices in Japan of dead burned magnesia would stabilize in the coming two weeks.
Based on an annual consumption capacity of 15,000t, they expect to consume around 400t this Monday, unchanged MoM. Now they have about 300t in stock, down by around 200t from early this month.
"We purchased about 500t of dead burned magnesia 90%min 0-3mm at USD200/t CIF Japan with a freight of about USD45/t early this week, compared to another 500t at USD195/t early this month," a consumer in Japan revealed, adding that their Chinese supplier slightly raised the price supported by increased prices and reduces supply of magnesite in Liaoning. On the one hand, their supplier have no plan to lift the price further by the end of this month; on the other hand, the consumer would refuse if their supplier does plan to raise the price. They believe that the mainstream import prices in Japan of dead burned magnesia would flatten out in the coming two weeks.
With a consumption capacity of 20,000tpy, they expect to consume about 500t in April, in line with March, holding around 600t in stock at present.
"Our regular Chinese supplier quotes USD210/t CIF Japan with a freight of around USD45/t for dead burned magnesia 90%min 0-3mm this week claiming that producers in Liaoning lifted the prices supported by increased magnesite prices, compared to the offer of USD200/t last week," another consumer in Japan revealed, noting that they finally closed a deal of 400t at USD205/t after negotiating with the supplier yesterday. They last purchased 400t at USD200/t about a month ago. As their supplier claimed to hold the price stable, the consumer predicts that the mainstream import prices in Japan of dead burned magnesia would stabilize in the coming two weeks.
Based on an annual consumption capacity of 15,000t, they expect to consume around 400t this Monday, unchanged MoM. Now they have about 300t in stock, down by around 200t from early this month.
