China Nonferrous Metals News
Domestic magnesium prices continued weak at end-March. As of 26th March, mainstream domestic magnesium prices had dropped to RMB15,200~15,300/t ex-works with taxes in Fugu Shaanxi. In Wenxi Shanxi, prices fell by RMB100/t w-o-w to RMB15,500 t ex-work with taxes.
As of 25th March, domestic FeSi prices (72% grade) were RMB6,700~6,800/t, and FeSi (75% grade) was RMB7,200~7,500/t, a decline of RMB300/t from an earlier high point. Market commentators take the view that domestic FeSi prices are likely to drop further under continued pressures from stable supply and weakening demand.