Shanghai Nonferrous Metals News
Primary magnesium smelters in Fugu Shaanxi raised their quotes to RMB18,000~18,200/t recently, but no transactions were concluded at RMB18,000/t levels. Some local smelters reported increased quotations today. Buoyed by rising FeSi prices and limited stocks, smelters are keen to prop prices this week, resulting in a slight rebound in market prices.
