Asian Metal News
Domestic magnesium prices climbed slightly this week to RMB 24,9000~25,200/t ex-work by cash and up slightly by RMB 200/t from last Friday driven by rising coal prices, slower logistics of FeSi in IM caused by increasing COVID numbers and steady demand after the holiday.
Industry commentators forecast price will continue strong this week backed by rising raw material prices and smelters’ strong will to prop prices.
