Shanghai Nonferrous Metals New

Slowing transactions during the weekend leveraged down domestic magnesium quotation prices by RMB 500/t from last Friday to RMB 41,500~42,000/t today in Fugu Shaanxi.

According to a local Fugu smelter, shrinking overseas orders prior to the Christmas holiday, absence of support from the futures market and mounting inventories have worked together to drag down magnesium quotations.

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