Asian Metal News
Domestic magnesium transactions have slowed since prices rebounded to RMB 21,700 ~22,100/t level ex-works on Wednesday, up by RMB 600/t from last Friday. Most magnesium smelters are holding firm on prices given limited stocks.
A northern smelter sold 62 t of magnesium at RMB 21,800/t on Tuesday, raised the quote to RMB 22,000/t on Thursday but made no deals. Sources said, “Given few stocks, we will keep prices stable at the current level, prices are likely to remain unchanged over the next few days.”
