Asian Metal News
Domestic magnesium prices lifted further this week driven by rising FeSi and coal prices. Mainstream magnesium prices are currently standing at RMB14,200~14,500/t, up by RMB200/t from last week. Most domestic magnesium smelters are intending to increase their quotes further and downstream buyers are adhering to their procurement plans – resulting in a stable market. Industry commentators forecast domestic magnesium prices to rise further in the short-term, probably by RMB200/t w-o-w.