Chinese magnesia prices stable
2024-04-23 08:34:14 [Print]
BEIJING (Asian Metal) 23 Apr 24 - After lifting the prices by around RMB50/t (USD7/t) last week, most producers hold their prices unchanged this week for flat sales. The current mainstream prices of Chinese fused magnesia 97%min 0-30mm Ca/Si=1min stand at RMB2,950-3,050/t (USD409-423/t) EXW D/A 180 days, in line with a week ago. As most producers still intend to keep their prices stable, insiders predict that the mainstream prices of Chinese fused magnesia would stay steady till the end of this month.
"We lifted the offer for fused magnesia 97%min 0-30mm Ca/Si=1min by RMB50/t (USD7/t) to RMB2,950/t (USD409/t) with no concession early last week, and keep it unchanged this week for flat sales," a producer in Liaoning claimed, adding that they just sold around 100t at RMB2,950/t (USD409/t) this morning, compared to about 200t at the same price mid last week. For stable cooperation with regular clients, the producer intends to keep their price stable despite the reduced supply of magnesite. They believe that the mainstream prices of Chinese fused magnesia would remain unchanged by the end of this month.
Based on a production capacity of 40,000tpy, they produced around 25,000t in 2023 and nearly 8,000t so far in 2024. They predict to produce about 2,000t in April, in line with March. Now they hold around 2,000t in stock, unchanged MoM.
"We now quotes RMB3,000/t (USD416/t) EXW D/A 180 days with a concession of RMB50/t (USD7/t) at most for fused magnesia 97%min 0-30mm Ca/Si=1min, in line with last week," another producer disclosed, adding that they closed a deal of about 120t at RMB3,000/t (USD416/t) this morning, compared to about 300t at RMB2,950/t (USD409/t) last Saturday. As the magnesite prices increased slightly two weeks ago, they raised their prices by around RMB50/t (USD7/t) early last week. However, considering the basically stabilized magnesite prices this week, they plan to hold their prices unchanged and believe that the mainstream prices of Chinese fused magnesia would keep stable in the coming week.
With an annual production capacity of 70,000t, they produced around 50,000t in 2023 and about 14,000t so far in 2024. They plan to produce about 4,000t in April, unchanged MoM. Presently, they hold around 600t in stock, up by about 500t from late last month.
"We lifted the offer for fused magnesia 97%min 0-30mm Ca/Si=1min by RMB50/t (USD7/t) to RMB2,950/t (USD409/t) with no concession early last week, and keep it unchanged this week for flat sales," a producer in Liaoning claimed, adding that they just sold around 100t at RMB2,950/t (USD409/t) this morning, compared to about 200t at the same price mid last week. For stable cooperation with regular clients, the producer intends to keep their price stable despite the reduced supply of magnesite. They believe that the mainstream prices of Chinese fused magnesia would remain unchanged by the end of this month.
Based on a production capacity of 40,000tpy, they produced around 25,000t in 2023 and nearly 8,000t so far in 2024. They predict to produce about 2,000t in April, in line with March. Now they hold around 2,000t in stock, unchanged MoM.
"We now quotes RMB3,000/t (USD416/t) EXW D/A 180 days with a concession of RMB50/t (USD7/t) at most for fused magnesia 97%min 0-30mm Ca/Si=1min, in line with last week," another producer disclosed, adding that they closed a deal of about 120t at RMB3,000/t (USD416/t) this morning, compared to about 300t at RMB2,950/t (USD409/t) last Saturday. As the magnesite prices increased slightly two weeks ago, they raised their prices by around RMB50/t (USD7/t) early last week. However, considering the basically stabilized magnesite prices this week, they plan to hold their prices unchanged and believe that the mainstream prices of Chinese fused magnesia would keep stable in the coming week.
With an annual production capacity of 70,000t, they produced around 50,000t in 2023 and about 14,000t so far in 2024. They plan to produce about 4,000t in April, unchanged MoM. Presently, they hold around 600t in stock, up by about 500t from late last month.
