Magnesium Market Report July 2012

The price of magnesium ingot held firm in early July.Asian Metal Copyright Numbers increased as sales of semi coke and coke kept slight, production of magnesium ingot was reduced and producers were optimistic about the market.Asian Metal Copyright Numbers increased as sales of semi coke and coke kept slight, production of magnesium ingot was reduced and producers were optimistic about the market. Factory prices of magnesium ingot were at RMB17,400-17,500/t (USD2,761-2,777/t) and RMB17,500-17,800/t (USD2,777-2,825/t) respectively in Shaanxi and Shanxi.Asian Metal CopyrightThe price of magnesium ingot held firm in early July.Asian Metal Copyright Production of the material declined due to overhaul and worker shortage, thus supply kept tight in July, and producers maintained offers firm.Asian Metal Copyright Therefore, enterprises will keep offers with reasonable profits with insufficient supply.Asian Metal Copyright Numbers will keep firm due to tight spot supply.Asian Metal Copyright Although the market did not see recovery of demand, rough magnesium enterprises realized that price reduction will not drive the demand or increase transactions in H1.Asian Metal Copyright Although the market did not see recovery of demand, rough magnesium enterprises realized that price reduction will not drive the demand or increase transactions in H1.Asian Metal Copyright Therefore, enterprises will keep offers with reasonable profits with insufficient supply.Asian Metal Copyright Therefore, enterprises will keep offers with reasonable profits with insufficient supply.Asian Metal Copyright Production of the material declined due to overhaul and worker shortage, thus supply kept tight in July, and producers maintained offers firm.Asian Metal Copyright