Prices for some grades of Chinese produced fused magnesia, a key raw material in the production of refractories, have edged up since the start of the year due to ongoing export restriction, traders told IM.
“We are at these price levels due to export restrictions”, explained a trader referring to the Chinese government’s decision to cap all exports of magnesia to 1.23m.tonnes this year. Although the limit is only slightly below the 1.24m. tonnes allocated for export in 2010, it has caused concern in the market, and prices have risen in...