China Nonferrous Metals News
Buoyed by restocking needs prior to the Chinese New Year, domestic magnesium prices picked up slightly last week. As of 21st January, mainstream magnesium prices were being quoted at RMB 44,000~45,000/t ex-works with taxes in Fugu Shaanxi, with some transactions settling at RMB 44,000/t, up by RMB 4,000/t w-o-w.
In view of limited stocks, domestic magnesium prices are expected to remain stable this week.
