Asian Metal News
Domestic magnesium transactions slowed on the spot market with prices at RMB 21,200~21,500/t on Wednesday, unchanged from the previous trading day. In view of the slower transactions, industry commentators forecast continued weak prices next week.
A magnesium buyer bought 62 t of magnesium at RMB 21,100/t on Tuesday and holds ample stocks at present. According to an inside source, “Prices are likely to stay stable at the current level next week, while some smelters may compromise on prices to facilitate sales”.
