Monthly Magnesia Market Report Jan 2025
2025-02-17 18:57:17 【Print】
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1.Market Highlights
Magnesite: Supply remains tight, so miners have no hurry to sell and hold prices firm, in spit of the slightly reduced demand.
Fused magnesia: Though demand shrinks, producers hold prices firm based on firm production cost.
Dead burned magnesia: Owing to the decreased coal prices, producers lower 90%min prices to promote sales. Supported by firm natural gas prices, producers keep prices of high purity dead burned magnesia firm.
Caustic calcined magnesia: Owing to the decreased coal prices, producers lower 90%min prices to promote sales.
Magnesium aluminate spinel: Owing to the decreased prices of alumina, spinel producers lower prices to compete for orders.
2 Economy and Policy
2.1 China's annual steel products output up 1.1% YoY
In December 2024, China produced 66.7 million tonnes of pig iron, up by 9.4% YoY, 75.97 million tonnes of crude steel, up by 11.8% YoY, and 119.10 million tonnes of finished steel products, up by 7.1% YoY, according to the National Bureau of Statistics.
In 2024, the country's production of pig iron declined by 2.3% YoY to 851.74 million tonnes, crude steel production decreased by 1.7% YoY to 1,005.09 million tonnes, while finished steel products production increased by 1.1% YoY to 1,399.67 million tonnes.
Magnesite: Supply remains tight, so miners have no hurry to sell and hold prices firm, in spit of the slightly reduced demand.
Fused magnesia: Though demand shrinks, producers hold prices firm based on firm production cost.
Dead burned magnesia: Owing to the decreased coal prices, producers lower 90%min prices to promote sales. Supported by firm natural gas prices, producers keep prices of high purity dead burned magnesia firm.
Caustic calcined magnesia: Owing to the decreased coal prices, producers lower 90%min prices to promote sales.
Magnesium aluminate spinel: Owing to the decreased prices of alumina, spinel producers lower prices to compete for orders.
2 Economy and Policy
2.1 China's annual steel products output up 1.1% YoY
In December 2024, China produced 66.7 million tonnes of pig iron, up by 9.4% YoY, 75.97 million tonnes of crude steel, up by 11.8% YoY, and 119.10 million tonnes of finished steel products, up by 7.1% YoY, according to the National Bureau of Statistics.
In 2024, the country's production of pig iron declined by 2.3% YoY to 851.74 million tonnes, crude steel production decreased by 1.7% YoY to 1,005.09 million tonnes, while finished steel products production increased by 1.1% YoY to 1,399.67 million tonnes.
