China magnesia prices fall on thin trading, sufficient stocks
Published: Wednesday, 04 March 2020
China’s magnesia market declined over the week to March 3 on weak buyer appetite and sufficient stocks despite current higher transportation costs amid the coronavirus (2019-nCoV ) outbreak.
China’s magnesia prices remain under downward
pressure this week, with more producers lowering prices to
boost sales in a flat market. Downstream buying demand is yet
to pick up greatly with sufficient existing magnesia stocks and
some production yet to resume and most participants in
need of purchasing on an immediate...