China’s magnesia recovery slows
Published: Friday, 03 January 2020
Overcapacity in China’s magnesia sector and shrinking international demand have roiled the domestic market this year, dragging prices to a two-year low and prompting producers to lower output, reports Carrie Shi.
Fastmarkets’ price assessment for
magnesia, fused, 97% MgO, Ca:Si 2:1, lump, fob China was
$550-650 per tonne on November 26, down by around 65% from
$1,600-1,800 per tonne at the end of 2017.
Magnesia prices were low for many years until 2017 because
of uncontrolled domestic...