Price analysis: Chinese magnesia price wars; Asian challenges for GCC
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
Magnesia producers from the northeast quarter of China, the
country’s main magnesia and refractories-producing
region, said that...