Price analysis: Chinese magnesia price wars; Asian challenges for GCC

By Laura Syrett
Published: Tuesday, 28 April 2015

Anonymous bidders drive down prices in magnesia at a time when industry still burdened by high inventories. Steel sector overcapacity a looming concern. In calcium carbonate meanwhile prices hold steady as market leaders control values, though end market overcapacity in Asia may hit demand. Producers seek margins on high grade products.

Fierce competition in the Chinese magnesia industry is putting pressure on prices, with producers facing unsustainably thin margins, IM learned at the China Refractory Association annual general meeting at the end of March.

Magnesia producers from the northeast quarter of China, the country’s main magnesia and refractories-producing region, said that...

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