China’s magnesia prices down on increasing stocks

By Carrie Shi
Published: Wednesday, 27 February 2019

China’s domestic magnesia prices began a downtrend amid increasing stocks and thin buying activity, while exporters decreased prices by a small range but downstream buyers had no immediate need and are waiting for lower prices.

China’s domestic magnesia prices fell due to most producers lowering offer prices to boost sales on increasing stocks and quiet demand from downstream refractory producers. Export prices also dipped following lower domestic prices.

Dead-burned magnesia (DBM) prices moved down by around 200 yuan ($29.85) per tonne this week, especially for...

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