Chinese caustic calcined magnesia prices to rise
2024-04-24 08:30:35 [Print]
BEIJING (Asian Metal) 24 Apr 24 - Most producers still hold their prices stable this week for flat sales. The current mainstream prices of Chinese caustic calcined magnesia 85%min 200mesh stand at RMB665-695/t (USD92-96/t) EXW D/A 180 days, in line with last week. As most producers intend to lift their prices encouraged by increased production cost, insiders predict that the mainstream prices of Chinese caustic calcined magnesia would move up in the coming week.
A producer in Liaoning keeps their quotation unchanged at RMB680/t (USD94/t) EXW D/A 180 days with a concession of RMB10/t (USD1.39/t) at most for caustic calcined magnesia 85%min 200mesh in the past week. "We sold around 300t at RMB670/t (USD93/t) yesterday, compared to about 500t at the same price last Thursday," the producer disclosed, adding that they expect to sell about 5000t in April, unchanged from March. As the prices of magnesite increased by about RMB20/t (USD2.78/t) in the past two weeks and the coal prices increased by around RMB20/t (USD2.78/t) in the past week, they plan to raise their price by RMB20/t (USD2.78/t) next week and believe that the mainstream prices of Chinese caustic calcined magnesia would increase in the coming week.
With a production capacity of 300,000tpy, they produced about 65,000t in 2023 and around 21,000t so far in 2024. They predict to produce about 5,000t in April, in line with March. Now they have an inventory of about 2,000t, unchanged MoM.
Another producer in Liaoning holds their offer for caustic calcined magnesia 85%min 200mesh firm at RMB700/t (USD97/t) EXW D/A 180 days and refuses to sell at any price lower than RMB670/t (USD93/t) over the past week. They sold around 400t this Monday and around 500t last Wednesday both at RMB670/t (USD93/t). "The magnesite prices increased by about RMB20/t (USD2.78/t) due to the reduced supply," the producer claimed, noting that they plan to lift their price next week. They predict that the mainstream prices of Chinese caustic calcined magnesia would move up in the coming week.
Based on an annual production capacity of 150,000t, they recorded an output of about 60,000t in 2023 and around 15,000t so far in 2024. They predict to produce about 4,000t in April, in line with March. Presently they hold around 2,000t in stock, up by about 500t from late March.
A producer in Liaoning keeps their quotation unchanged at RMB680/t (USD94/t) EXW D/A 180 days with a concession of RMB10/t (USD1.39/t) at most for caustic calcined magnesia 85%min 200mesh in the past week. "We sold around 300t at RMB670/t (USD93/t) yesterday, compared to about 500t at the same price last Thursday," the producer disclosed, adding that they expect to sell about 5000t in April, unchanged from March. As the prices of magnesite increased by about RMB20/t (USD2.78/t) in the past two weeks and the coal prices increased by around RMB20/t (USD2.78/t) in the past week, they plan to raise their price by RMB20/t (USD2.78/t) next week and believe that the mainstream prices of Chinese caustic calcined magnesia would increase in the coming week.
With a production capacity of 300,000tpy, they produced about 65,000t in 2023 and around 21,000t so far in 2024. They predict to produce about 5,000t in April, in line with March. Now they have an inventory of about 2,000t, unchanged MoM.
Another producer in Liaoning holds their offer for caustic calcined magnesia 85%min 200mesh firm at RMB700/t (USD97/t) EXW D/A 180 days and refuses to sell at any price lower than RMB670/t (USD93/t) over the past week. They sold around 400t this Monday and around 500t last Wednesday both at RMB670/t (USD93/t). "The magnesite prices increased by about RMB20/t (USD2.78/t) due to the reduced supply," the producer claimed, noting that they plan to lift their price next week. They predict that the mainstream prices of Chinese caustic calcined magnesia would move up in the coming week.
Based on an annual production capacity of 150,000t, they recorded an output of about 60,000t in 2023 and around 15,000t so far in 2024. They predict to produce about 4,000t in April, in line with March. Presently they hold around 2,000t in stock, up by about 500t from late March.
