China’s magnesia prices extend downtrend on weak demand

By Carrie Shi
Published: Wednesday, 06 November 2019

China’s magnesia market extended its downward trend this week due to a lack of downstream demand in both the domestic and overseas markets.

Most producers in China lowered their prices to boost sales, but downstream buyers had no immediate needs, sources said, so remained cautious about buying due to the possibility that prices could fall further.

The self-imposed three-month halt to magnesite mining in the Haicheng region of Liaoning province - imposed by...

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