China’s DBM magnesia prices soft on low demand, high stocks

By Carrie Shi
Published: Wednesday, 25 March 2020

The Chinese market for dead burned magnesia (DBM) softened over the week to Wednesday March 25 due to a lack of downstream buying and strong stock levels, with the spread of the 2019-nCoV coronavirus pandemic curbing global demand.

China’s magnesia prices remained under downward pressure, with cheaper low-grade DBM prices reported on the spot market. More producers lowered their prices in an attempt to boost sales in the flat market, but downstream demand has remained slow, with most buyers only purchasing enough for their immediate needs.

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