Resumen de Chinese fused magnesia exports decline in June
FM shipments marked a first turning point after months of record-high increases, while DBM exports are starting also to edge downward and CCM continues to grow.
Chinese exports of fused magnesia (FM) fell in June both versus the previous month and last year, as the data starts to reflect the supply tightness that has been affecting magnesia production operations in the country in recent months.
Shipments of Chinese FM dropped 18% in June year-on-year (y-o-y) to 31,178 tonnes, also down 7% on a month-on-month (m-o-m) basis, according to China Customs.
The June data marks a turning point for magnesia exports, which had been increasing to record highs in early 2017 up to April, following the scrapping of export quotas and duties late last year.
In the case of FM, exports had been increasing at a pace of over 60% y-o-y in March and April, following a 20% rise in May, before the sharp drop the following month.
