Monthly Magnesia Market Report Jan 2024
2024-02-07 08:28:21 【Print】
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1. Market Highlights
Most magnesite suppliers increased their prices slightly this month in spite of sluggish deals. At the beginning of the month, the government imposed restrictions on the use of explosives in mines, resulting in a decrease in supply, leading to a slight increase in prices.
Most caustic calcined magnesia producers decreased their prices slightly this month to protect the inventory from increasing further; most exporters of caustic calcined magnesia 90%min 200 mesh decreased their prices due to decreased domestic prices.
Most producers of dead burned magnesia 95%min and dead burned magnesia 97%min decreased their prices this month due to sluggish deals. However, the prices of dead burned magnesia 90%min increased slightly due to tight supply; the export prices of Chinese dead burned magnesia 95%min and dead burned magnesia 97%min went down due to falling domestic prices. The export prices of dead burned magnesia 90%min increased due to climbed domestic prices; however, the international prices of dead burned magnesia climbed sharply due to soaring ocean freight. The oversea market saw few deals during the past month.
As the market kept weak demand, most fused magnesia suppliers declined their prices slightly this month to protect inventory from increasing further; the mainstream export prices of the products above followed the trends of domestic prices in this month.
Most magnesite suppliers increased their prices slightly this month in spite of sluggish deals. At the beginning of the month, the government imposed restrictions on the use of explosives in mines, resulting in a decrease in supply, leading to a slight increase in prices.
Most caustic calcined magnesia producers decreased their prices slightly this month to protect the inventory from increasing further; most exporters of caustic calcined magnesia 90%min 200 mesh decreased their prices due to decreased domestic prices.
Most producers of dead burned magnesia 95%min and dead burned magnesia 97%min decreased their prices this month due to sluggish deals. However, the prices of dead burned magnesia 90%min increased slightly due to tight supply; the export prices of Chinese dead burned magnesia 95%min and dead burned magnesia 97%min went down due to falling domestic prices. The export prices of dead burned magnesia 90%min increased due to climbed domestic prices; however, the international prices of dead burned magnesia climbed sharply due to soaring ocean freight. The oversea market saw few deals during the past month.
As the market kept weak demand, most fused magnesia suppliers declined their prices slightly this month to protect inventory from increasing further; the mainstream export prices of the products above followed the trends of domestic prices in this month.
