Monthly Magnesia Market Report Jan 2026
2026-02-11 08:37:17 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1.Market Highlights
Magnesite: Owing to increased operating rates of fused magnesia producers, the prices of magnesite concentrate increased slightly.
Fused magnesia: Owing to the dropped prices of electricity, producers lower prices to compete for orders.
Dead burned magnesia: Based on weak demand but firm production cost, producers keep prices of 90%min firm. Driven by increased prices of CCM97%min, producers raise the prices of DBM95%min and DBM97%min owing to increased production cost.
Caustic calcined magnesia: With part of the producers resuming production, the prices move down.
Magnesium aluminate spinel: Owing to decreased electricity prices, FMAS producers lower prices.
2 Economy and Policy
2.1 China's annual crude steel output down 4.4% YoY
In December 2025, China produced 60.72 million tonnes of pig iron, down 9.9% YoY, 68.18 million tonnes of crude steel, down 10.3% YoY, and 115.31 million tonnes of finished steel products, down 3.8 YoY, according to the National Bureau of Statistics.
For the full year, pig iron output declined 3.0% YoY to 836.04 million tonnes, while crude steel production decreased 4.4% YoY to 960.81 million tonnes. The output of finished steel products rose 3.1% YoY to around 1.45 billion tonnes.
Magnesite: Owing to increased operating rates of fused magnesia producers, the prices of magnesite concentrate increased slightly.
Fused magnesia: Owing to the dropped prices of electricity, producers lower prices to compete for orders.
Dead burned magnesia: Based on weak demand but firm production cost, producers keep prices of 90%min firm. Driven by increased prices of CCM97%min, producers raise the prices of DBM95%min and DBM97%min owing to increased production cost.
Caustic calcined magnesia: With part of the producers resuming production, the prices move down.
Magnesium aluminate spinel: Owing to decreased electricity prices, FMAS producers lower prices.
2 Economy and Policy
2.1 China's annual crude steel output down 4.4% YoY
In December 2025, China produced 60.72 million tonnes of pig iron, down 9.9% YoY, 68.18 million tonnes of crude steel, down 10.3% YoY, and 115.31 million tonnes of finished steel products, down 3.8 YoY, according to the National Bureau of Statistics.
For the full year, pig iron output declined 3.0% YoY to 836.04 million tonnes, while crude steel production decreased 4.4% YoY to 960.81 million tonnes. The output of finished steel products rose 3.1% YoY to around 1.45 billion tonnes.
