Origin: China Price: CIF ROTTERDAM USD3753 /MT Quantity(MT): 20-200 Loading Port: XINGANG Specifications: Magnesium : 99.9 % min. Copper: 0.02% max Manganese: 0.1% max Silicon: 0.05 % max Aluminium : 0.05% max Other: 0.05% max Must be dry, oxide free,and free of combustible contaminants Size: 7.5kg +/- 20% Packing: 1000 bulk bags Date Posted: 13 October 2008
Origin: China Price: CIF ROTTERDAM USD4045 /MT QUOTES FOR OTHER PORTS AVAILABLE ON REQUEST Specifications: Magnesium: 99.9% minimum Date Posted: 7 October 2008
Origin: China Price: FOB USD3953 /MT Quantity(MT): 20-200 Loading Port: XINGANG Specifications: Magnesium : 99.9 % min. Copper: 0.02% max Manganese: 0.1% max Silicon: 0.05 % max Aluminium : 0.05% max Other: 0.05% max Must be dry, oxide free,and free of combustible contaminants Size: 7.5kg +/- 20% Packing: 1000 bulk bags Date Posted: 7 October 2008
Magnesium ingot market is stable but quiet presently
with buyers and sellers all holding back from moving. The material is
being offered at RMB24,000-24,300/t (USD3,509-3,553/t) ex works while
the concluded price is considered to be in a range of
RMB23,800-24,000/t (USD3,480-3,509/t) ex works. A
Shanxi-based producer reported to Asian Metal that the magnesium ingot
market has not changed much this week. "Neither buyers nor sellers want
to make a concession to each other, so they are watching the market
closely for the time being," said the source. The
source puts the mainstream concluded price of magnesium ingot at
RMB23,800-24,000/t (USD3,480-3,509/t) ex works, but revealed that many
smelters would not like to sell at prices below RMB24,000/t
(USD3,509/t) ex works. The source does not think the market will go
robust soon, though there are more inquiries coming from foreign buyers
who are just testing the market. However, the possibility that the
price may drop further by a large margin can be ruled out given the
high-held production cost. Running below its capacity of 10,000tpy, the smelter has not concluded any deal this week. A
producer from South Shanxi confirmed that the magnesium ingot market
comes to a standstill as producers refuse to lower their prices further
while buyers think the there is still room for the price to go down. Owing
to the sluggish market, the smelter, with a capacity of 5,000tpy,
halted production a week ago. It has sold all the stocked materials at
prices ranging RMB24,000-24,200/t (USD3,509-3,538/t) ex works. "We
received some inquiries from end users, so we intend to buy some
magnesium ingot from other smelters in the local area," said the
source. "However, some local smelters quote as high as
RMB24,400-24,500/t (USD3,567-3,582/t) ex works, which keep us away from
buying." AAccording
to the source, due to the increasing price of coal and the bearish coke
market, some smelters in Taiyuan, Shanxi have also been forced to
reduce production due to high cost or lack of coal-gas. In addition,
smelters in South Shanxi are still out of production. Therefore, the
stock of magnesium ingot in Shanxi is not so high as it was last month.
"Coupled with more inquiries, the magnesium market may keep
comparatively stable in the following one or two weeks," the source
added.
