Magnesium Market Report February 2012

In February, the price of magnesium ingot shows stable state in general.Asian Metal Copyright The main price range still stayed at RMB16,300-16,500t USD2,587-2,619t ex works in Shanxi and RMB15,900-16,100t USD2,523-2,555t ex works in Shaanxi.Asian Metal Copyright In the beginning of February, magnesium ingot market participants reported that the market is slowing down for buyers and producers are just back to the market since Spring Festival.Asian Metal CopyrightIn February, the price of magnesium ingot shows stable state in general.Asian Metal Copyright While some who are still continuing the business claimed no obvious changes for magnesium ingot price presently. The main price range still stayed at RMB16,300-16,500/t (USD2,587-2,619/t) ex works in Shanxi and RMB15,900-16,100/t (USD2,523-2,555/t) ex works in Shaanxi.Asian Metal Copyright The main price range still stayed at RMB16,300-16,500t USD2,587-2,619t ex works in Shanxi and RMB15,900-16,100t USD2,523-2,555t ex works in Shaanxi.Asian Metal Copyright During this period, even though many magnesium ingot producers are still complaining the low profits, the price of magnesium ingot still in a stable state with weak demand.Asian Metal CopyrightIn February, the price of magnesium ingot shows stable state in general.Asian Metal Copyright