Asian Metal News
Mainstream magnesium prices are currently stable at RMB 20,400~20,700/t ex-works by cash, remaining unchanged from last Thursday. In view of continued sluggish demand, transactions were few this week.
A northern smelter is quoting at RMB 20,500/t ex-works by cash but concluded no deals this week. The smelter sold 62 tonnes magnesium at RMB 20,500/t last Thursday and presently holds 3.2 kt of magnesium in stock, up by 300 t from end-February.
Considering weakening demand, industry commentators forecast domestic magnesium prices to remain stable at the current level with few transactions next week.