China’s magnesia producers keep operating rates low amid poor demand
Published: Thursday, 04 June 2020
Lower rates of operation and a new round of environmental inspection in Liaoning province failed to support China’s magnesia market, with sufficient stocks and slow downstream buying keeping prices constrained.
Many magnesia producers in Liaoning province - China's
magnesia production hub - have reduced their operational rates
by more than 50% since the middle of May due to quiet
downstream demand caused by Covid-19 restrictions, which has
led to a sluggish and oversupplied market.
But while the Covid-19 outbreak is clearly...