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.
