China’s magnesia prices drift lower, magnesite mining halt expected to extend
Published: Wednesday, 18 September 2019
China’s magnesia market has stayed on a downtrend this week on thin buying activities and sufficient stocks. And with Liaoning’s regional government setting new regulations on mines in the province from October 1, the stoppage to magnesite mining is expected to extend beyond the current three-month limit.
Magnesia prices in China continued to fall in the week ended
Tuesday September 17, with a flurry of lower offers from
producers eager to sell, especially dead burned magnesia (DBM)
and fused magnesia (FM).
Downstream refractory buyers continued to show limited
interest in purchases for restocking, however.
The Haicheng region...