23 December 2020
Most China’s magnesia prices rose further on Tuesday December 22 due to a shortage of availability, while market participants are keeping a watchful eye on new cases of Covid-19 infections reported in Dalian, Liaoning province, that could affect magnesia delivery through Dalian ports.
16 December 2020
The Fastmarkets holiday pricing schedule is below.
18 November 2020
Most of China’s magnesia export prices increased for the first time in 2020 due to falling supply, recent positive government regulations and a stronger yuan against the US dollar, sources said.
16 November 2020
China produced 17.45 million tonnes of refractory materials in China in the first nine months of 2020, down by 7.3% year on year, although performance improved in the third quarter compared with earlier in the year.
06 November 2020
Contracts for the supply of several mineral raw materials for 2021 are expected to be shorter in their duration and cover smaller volumes compared with previous years, while market participants claim negotiations are progressing slowly and with no clear market references.
04 November 2020
China’s exports of dead burned magnesia (DBM) and fused magnesia (FM) decreased year-on-year in September 2020, with global demand showing no significant recovery after the Covid-19 pandemic. But exports of caustic calcined magnesia (CCM) were up slightly.
21 October 2020
More China’s magnesia producers boosted their export offer prices this week on the stronger yuan and bullish sentiment.
06 October 2020
Fastmarkets opened a consultation on September 1, 2020, inviting feedback on its industrial minerals methodology in line with our annual methodology review process.
23 September 2020
Export prices for Chinese magnesia have held firm over the past week while the Liaoning provincial government in China continued to push its reforms of the magnesia industry to promote healthy development of the market.
16 September 2020
The Liaoning provincial government in China has released further details on magnesite industry consolidation plans following a meeting in early September, giving confidence to dead burned magnesia (DBM) exporters to raise their offer prices.
09 September 2020
The provincial government of the Liaoning region of China reaffirmed the imposition of production controls on the magnesia industry during a meeting on September 4, with the idea of promoting the healthy development of the market.
07 September 2020
Global demand for magnesia has been cut back by the Covid-19 pandemic, with most magnesia prices falling to their lowest levels since before the market rally in 2017.
01 September 2020
Fastmarkets is inviting feedback from the industry on its pricing methodology for its industrial minerals, as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (IOSCO) principles for PRAs.
19 August 2020
China’s magnesia export prices have decreased for most grades over the past week on continued weak demand and oversupply in the market.
12 August 2020
Earlier fears that an outbreak of Covid-19 in Chinese magnesia hub Dalian city will disrupt production and delivery have proven unfounded, with both running smoothly and virus cases falling.
29 July 2020
The recent resurgence of Covid-19 infections in Dalian city, Liaoning province, has led to concerns on production and deliveries in China’s magnesia sector, with market participants expecting further impact on deliveries to Dalian port.
23 July 2020
The range widened for the fused magnesia price in Europe on Tuesday July 21, as Chinese material became even cheaper while material from producers in the Eastern Mediterranean held steady.
08 July 2020
Magnesia producers in a number of cities in Liaoning province have received notice that opencast magnesite mining using explosives must be halted from July 1 for at least half a year to reduce air pollution and relieve high magnesia inventory levels, sources told Fastmarkets.
01 July 2020
Chinese exports of magnesia mostly fell year on year in May due to the reduced buying from traditional buyers due to global Covid-19 lockdowns, Fastmarkets understands.
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.
03 June 2020
Refractories production in China fell to 1.65 million tonnes in April, down by 4.1% year on year, according to data from the China Association of Refractories.
01 June 2020
Chinese exports of dead burned magnesia fell in April from the corresponding month of 2019 due to slow activity from global buyers, while caustic calcined magnesia and fused magnesia exports increased.
25 May 2020
China’s ports have resumed normal operations but overseas demand for exported materials remains reduced by the Covid-19 pandemic, resulting in lower container throughput. Most producers of refractory raw materials, however, continued to get limited orders from global buyers.
11 May 2020
China's refractories output fell to 4.10 million tonnes in the first quarter of 2020, mainly due to a slowdown in production caused by the response to the Covid-19 outbreak.
15 April 2020
China’s magnesia prices were mostly rangebound in the week to Tuesday April 14, with export orders from overseas buyers being scarce because of the effects of the Covid-19 pandemic.
01 April 2020
The total output of refractory materials in China increased by 3.7% year-on-year to 24.31 million tonnes in 2019. But most refractory raw materials prices were still under downward pressure.
25 March 2020
The Chinese market for dead burned magnesia (DBM) softened over the week to Wednesday March 25 due to a lack of downstream buying and strong stock levels, with the spread of the 2019-nCoV coronavirus pandemic curbing global demand.
18 March 2020
China’s magnesia prices remained largely rangebound this week on concerns about the potential impact of the novel coronavirus (2019-nCoV) on global demand.
04 March 2020
China’s magnesia market declined over the week to March 3 on weak buyer appetite and sufficient stocks despite current higher transportation costs amid the coronavirus (2019-nCoV ) outbreak.
26 February 2020
Magnesia producers in the production hub of Liaoning province in China, are beginning to ramp up operations after the local government relaxed its public health emergency status to 'level three' on February 22.
19 February 2020
China’s magnesia market continued to step up operations this week, with more businesses returning to work, but production and supply remain sluggish due to a lack of workers.
12 February 2020
China’s magnesia producers began gradually to resume production this week, with magnesia export prices steady over the past seven days on a limited number of new deals.
03 February 2020
View the Fastmarkets holiday pricing schedule for 2020 and 2021.
21 January 2020
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.
08 January 2020
The Chinese government has canceled official customs commodity inspections on magnesia, thereby simplifying export procedures.