Shanghai Nonferrous Metals News

6th June: Mainstream magnesium quotations continued to drop today, falling by RMB 1,000/t from last Thursday to RMB 26,500~27,000/t in Fugu, Shaanxi.

With a surplus market and falling magnesium prices for more than a month, downstream buyers have been wary about restocking. In the wake of shrinking profit margins, several domestic magnesium smelters are set to curb operations in June in a bid to prop prices.

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