China magnesia prices drift down; talks start on magnesite mining halt

By Carrie Shi
Published: Wednesday, 10 June 2020

China’s magnesia market fell in the week to Tuesday June 9, with lower prices heard in the spot market due to fiercer competition between producers and weak downstream buying, while talks on a new round of stops to magnesite mining in Liaoning province have started, market participants said.

China’s magnesia market declined due to sufficient stocks and unimproved downstream buying, with most magnesia export prices decreasing by $10-20 per tonne following the domestic downturn and to attract more deals, sources said. 

Fastmarkets' latest spot prices for magnesia, dead burned, 90% MgO, lump, fob China was $140-170...

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