China\u2019s high-grade magnesia prices were steady this week on a lack of high-quality magnesite, the raw material for magnesia, while the local government in Haicheng has remained strict on the use of explosives in mining.<\/p>\n
China-origin magnesia prices assessed by Industrial Minerals were stable this week, while Chinese producers maintained prices for high-grade magnesia due to tight raw material supply.<\/p>\n
Industrial Minerals\u2019 assessed the dead burned magnesia (DBM), 97.5% MgO lump, price at $1,100-1,400 per tonne fob China on Tuesday March 20, unchanged from last week. While the DBM, 94-95% MgO lump price was also unchanged at $680-700 per tonne fob China.<\/p>\n
\u00abSupply for high-grade DBM remains tight due to a lack of high-quality raw materials, and there is no further news from local government to allow the use of explosives in mining,\u00bb a Haicheng producer told Industrial Minerals.<\/p>\n
\u00abBecause of the shortage in high-quality raw materials, we haven\u2019t started to produce DBM 95% and 97% and only have DBM 90% on hand. I think the government will not allow the usage of explosives in mining until May or June this year,\u00bb another producer in Haicheng said.<\/p>\n
Meanwhile, the low-grade magnesia market was under pressure after sufficient stocks and thin buying activities kept prices stable this week. The price of DBM 90% MgO lump was unchanged at $240-280 per tonne fob China on Tuesday, while 92% MgO material was priced $280-300 per tonne, also steady from last week.<\/p>\n
\u00abWith sufficient stocks of low-grade DBM 90%, prices are hard to move up and have kept flat this week. Overseas demand hasn\u2019t picked up, and I received no bids and deals this week,\u00bb a trader in Dalian said.<\/p>\n
\u00abAfter China\u2019s magnesia prices increased sharply last year, we also bought DBM from Russian and Turkish producers with narrowing price gaps. Chinese magnesia producers are unwilling to sign long-term contacts on a lack of raw materials, while we can sign long-term contacts with producers in other countries if prices are reasonable,\u00bb a consumer from the refractory sector told Industrial Minerals.<\/p>\n
Fused magnesia (FM) prices held stable this week while producers received limited deals. The spot price of FM 97% MgO (Ca:Si 1:1) was assessed at $1,150-1,250 per tonne fob China on March 20 and 97% MgO (Ca:Si 2:1) held stable at $1,250-1,400 per tonne on March 20.<\/p>\n
Weak trading activity for caustic calcined magnesia (CCM) has meant prices did not move this week. The prices for 90-92% MgO CCM material held at $205-230 per tonne on March 20, as well as 94% MgO CCM at $240-260 per tonne and 96% MgO CCM material at $335-355 per tonne.<\/p>\n","protected":false},"excerpt":{"rendered":"
China\u2019s high-grade magnesia prices were steady this week on a lack of high-quality magnesite, the raw material for magnesia, while the local government in Haicheng has remained strict on the use of explosives in mining. China-origin magnesia prices assessed by Industrial Minerals were stable this week, while Chinese producers maintained prices for high-grade magnesia due … <\/p>\n