Magnesium Market Report January 2012

The magnesium ingot price decreased slightly in some areas.Asian Metal CopyrightThe magnesium ingot price decreased slightly in some areas.Asian Metal Copyright Currently magnesium ingot buyers lowered the price of magnesium ingot with the feeble demand during this period, for buyers have stocked enough materials for the coming Holiday and the Q1.Asian Metal Copyright Currently magnesium ingot buyers lowered the price of magnesium ingot with the feeble demand during this period, for buyers have stocked enough materials for the coming Holiday and the Q1.Asian Metal Copyright Furthermore, magnesium ingot producers have to recycle money back in the end of year, so some producers have to move down the price of magnesium ingot to attract orders in advance. The prices in Shanxi and Shaanxi respectively remained at RMB16,500-16,700/t (USD2,619-2,650/t) ex works and RMB15,950-16,200/t (USD2,531-2,571/t) ex works. Even though many magnesium ingot producers are reluctant to sell at lower than RMB16,100/t (USD2,555/t) ex works in Shaanxi, while producers in Shanxi could not accept the price lower than RMB16,500/t (USD2,619/t) ex works.Asian Metal Copyright Currently magnesium ingot buyers lowered the price of magnesium ingot with the feeble demand during this period, for buyers have stocked enough materials for the coming Holiday and the Q1.Asian Metal Copyright Considering the feeble demand in magnesium ingot market, some of magnesium ingot producers were rush to low the price to attract buyers.Asian Metal Copyright The prices in Shanxi and Shaanxi respectively remained at RMB16,500-16,700t USD2,619-2,650t ex works and RMB15,950-16,200t USD2,531-2,571t ex works.Asian Metal Copyright At the same time, poor confidence among some of magnesium ingot producers.Asian Metal Copyright Furthermore, magnesium ingot producers have to recycle money back in the end of year, so some producers have to move down the price of magnesium ingot to attract orders in advance.Asian Metal Copyright