China’s magnesia offer prices increase on stronger yuan, bullish sentiment

By Carrie Shi
Published: Wednesday, 21 October 2020

More China’s magnesia producers boosted their export offer prices this week on the stronger yuan and bullish sentiment.

More magnesia exporters raised their offers by $5-10 per tonne in the past week, supported by the stronger Chinese yuan against the United States dollar and bullish sentiment on positive government policy on industry consolidation.

But demand remains slow and few deals concluded at the higher level.

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