China’s magnesia market dilemma
Published: Friday, 01 November 2019
Magnesite production restrictions and magnesia factory suspensions in China have failed to raise magnesia prices, trapping the country’s producers in a difficult situation. With prices already at unprofitable levels, stocks mounting and no sign of a demand rebound in downstream markets, Carrie Shi and William Clarke consider how Chinese magnesia companies are responding to the situation.
China’s magnesia market has been
stuck in a bind in 2019.
Low prices have continued to dominate the spot market, even
though mining restrictions and a ban on using explosives have
remained in place in Haicheng, the part of China's northeastern
Liaoning province where, along with Heilongjiang