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