Chinese high-purity magnesia sells good

Chinese high-purity magnesia market keeps firm these days with the prevailing price in the range of RMB1,600-1,700/t (USD213-227/t) ex works for high-purity 97%min, participants reported.

A Haicheng-based smelter, with an output of 10,000t of high-purity magnesia, sells 300t of the material at RMB1,650/t (USD220/t) ex works last week. The smelter insisted on their concluded price at RMB1,550-1,600/t(USD207-214/t) ex works for high-purity 96.8%min this week.

"There were no much obvious changes these days for high-purity magnesia, because the demand keeps stable," said the source. "We received orders from long-term customers and new customers as well."

A smelter in Anshan, running at its full capacity of 50,000t of high-purity magnesia, received many orders in October. "We are fulfilling the orders received in early October," said the source.

The smelter sells high-purity 98%min which is his leading and best selling material at RMB1,750/t (USD233/t) ex works in the two months.

Participants show an optimistic viewpoint towards high-purity magnesia market in October in view of the orders they received.