Magnesium Market Report December 2011

In the beginning of December, the magnesium ingot price kept stable and bounced off the bottom. The prices in Shanxi and Shaanxi respectively remained at RMB16,400-16,600/t (USD2,586-2,617/t) ex works and RMB16,000-16,200/t (USD2,523-2,554/t) ex works.Asian Metal Copyright The prices in Shanxi and Shaanxi respectively remained at RMB16,400-16,600t USD2,586-2,617t ex works and RMB16,000-16,200t USD2,523-2,554t ex works.Asian Metal Copyright The magnesium ingot price kept declining in previous weeks, for some producers had to withdrawal funds.Asian Metal Copyright Moreover, some producers who owned lots of stocks have cleared out their inventory, and they are preparing to welcome the market in December.Asian Metal Copyright Currently those producers are no longer under financial pressure, and they stop accepting bargain.Asian Metal Copyright The magnesium ingot price kept declining in previous weeks, for some producers had to withdrawal funds.Asian Metal Copyright Moreover, some producers who owned lots of stocks have cleared out their inventory, and they are preparing to welcome the market in December.Asian Metal Copyright The prices in Shanxi and Shaanxi respectively remained at RMB16,400-16,600t USD2,586-2,617t ex works and RMB16,000-16,200t USD2,523-2,554t ex works.Asian Metal Copyright In addition, the stocks had relieved to some degree, and magnesium ingot producers lift up the offer slightly.Asian Metal Copyright Moreover, some producers who owned lots of stocks have cleared out their inventory, and they are preparing to welcome the market in December.Asian Metal Copyright