FOCUS: China’s fused magnesia prices hit two-year high as energy controls threaten supply
Published: Thursday, 14 October 2021
Liaoning province in China has imposed strict power cuts and set up alternating periods of operation among fused magnesia producers in October, which has pushed the prices for fused magnesia to a two-year high and could further tighten the supply if the power cuts policy continues, market sources have told Fastmarkets.
Prices for fused magnesia in China have surged since the
country’s National Day holiday on October 1-7,
reaching their highest levels since the middle of 2019. This
was a result of supply constraints affecting most producers in
Liaoning province, the production hub for magnesia, which
themselves were caused by production...