Chinese export prices for fused magnesia (FM ) and dead burned magnesia (DBM) have gone on a downtrend, tracking recent falls in the domestic market after production resumed in Dashiqiao.<\/p>\n
Chinese domestic prices for fused magnesia (FM) and dead-burned magnesia (DBM) have been on a downtrend since production was resumed by most magnesia producers in the city of Dashiqiao in Liaoning province, which in turn led to rising stock levels.<\/p>\n
Dashiqiao closed all its DBM kilns, and some FM kilns, in October 2019 because of pollution-limitation inspections. But production has gradually resumed this yearwith producers meeting new emissions standards, increasing the domestic supply.<\/p>\n
Exporters have also lowered their prices because of the falls in domestic prices.<\/strong><\/p>\n Although magnesia prices drifted lower, downstream buyers showed limited buying interest because of the approach of the Lunar New Year holiday on February 4-10. Transport movements will begin to stop gradually from this week. \u00abMagnesia prices have fallen by 300-600 yuan [$44-88] per tonne in the domestic market on increased material availability, and we lowered our export prices this week following the domestic downtrend. While we have received a few inquiries, no deals have been concluded yet,\u00bb an exporter in Dalian told Fastmarkets.<\/p>\n \u00abMagnesia prices are in a mess ahead of the Lunar New Year, with some suppliers selling at lower prices to boost cash flow, but some high-quality magnesia prices remained at a high level,\u00bb a trader said.<\/p>\n The price of DBM, 90% MgO, lump, was $230-260 per tonne fob China on January 22, down from $240-270 per tonne in the previous week.<\/p>\n The price for DBM, 97.5% MgO, lump, fell to $1,050-1,250 per tonne fob China on Tuesday from the previous $1,100-1,300 per tonne, while the price for DBM, 94-95% MgO, lump, was assessed at $580-630 per tonne fob China, also on Tuesday, down from $600-650 per tonne last week.<\/p>\n \u00abWe do not have a purchasing plan before the Lunar New Year,\u00bb a buyer said, \u00abbut we will watch the market carefully to see whether the Liaoning [regional] government will release explosives for use in mining in the first half of 2019.\u00bb<\/p>\n","protected":false},"excerpt":{"rendered":" Chinese export prices for fused magnesia (FM ) and dead burned magnesia (DBM) have gone on a downtrend, tracking recent falls in the domestic market after production resumed in Dashiqiao. Chinese domestic prices for fused magnesia (FM) and dead-burned magnesia (DBM) have been on a downtrend since production was resumed by most magnesia producers in … <\/p>\n
\nFastmarkets\u2019 assessment of the price for FM, 97% MgO (Ca:Si 1:1), was $950-1,050 per tonne fob China on Tuesday January 22, down from $1,000-1,100 per tonne the week before. The price for FM, 97% MgO (Ca:Si 2:1), was $1,200-1,300 per tonne on the same day, down week on week from $1,250-1,350 per tonne.<\/p>\n