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China magnesium: Spot export trades remain lackluster, offers steady

Posted on 08 May 2015

Spot export trades for Chinese magnesium ingot on a FOB basis remained lackluster on the dearth of overseas buying interest, while offers continued to hold steady, industry sources said Thursday. Platts kept its weekly magnesium ingot (minimum 99.8%) price assessment steady at $2,180-$2,230/mt FOB China Thursday, unchanged from the previous weeks as bids and offers were heard within the range.
The Chinese magnesium die-cast alloy price assessment was also maintained at $2,460-2,530/mt FOB China, unchanged from last week. “I am not hearing any movement in both the domestic and export offers after the implementation of the minimum domestic offer of Yuan 13,000/mt ($2,095/mt) in Shaanxi,” said a North China-based analyst, who heard steady offers at Yuan 13,000-Yuan 13,300/mt ex-works and $2,200-$2,250/mt FOB China………………………………………..Full Article: Source


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