China’s magnesia market exhibits mixed moves, but optimism remains

By Carrie Shi
Published: Thursday, 11 March 2021

China’s magnesia market gave a mixed performance this past week, with both lower and higher offers emerging. Some producers insisted on higher offers in lieu of mining restrictions and increased production costs, while others reduced prices to stimulate sales and improve cash flow.

Yet despite the overall divergence in prices, market participants remain upbeat due to continued strict mining controls in the country. The government halted the issuance of explosives for use in magnesite mining in March, after distributing a small amount to magnesia producers in Haicheng a month earlier.

"Some producers...

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