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China’s Magnesium Export Trades Dull as Buying Remains Lacking
Nov. 15, 2011 04:15PM PST
Critical MetalsPlatts reported that overseas demand for Chinese magnesium export trades is currently low.
Platts reported that overseas demand for Chinese magnesium export trades is currently low.
As quoted in the market news:
Export offers were heard at $3,000-3,100/mt FOB China this week, unchanged from last week, despite the minimum export price at $3,150/mt set by the Chinese customs in November. China set the official minimum export price for 99.8% magnesium ingot at $3,250/mt on August 5, up from $3,150/mt on July 1, but lowered it again this month.
