China’s magnesia recovery slows

• Autores: Carrie Shi
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 614, 2020 (Ejemplar dedicado a: Enero)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Overcapacity in China’s magnesia sector and shrinking international demand have roiled the domestic market this year, dragging prices to a two-year low and prompting producers to lower output, reports Carrie Shi.

    Outlook Accumulated overcapacity will continue to put downward pressure on prices alongside weak demand – especially for fused magnesia – from sluggish end-use sectors such as steel, cement and glass. According to official Chinese customs data, China exported 304,898 tonnes of fused magnesia in the first 10 months of 2019, down 30.2% from 436,722 tonnes a year earlier. ” “Because most producers are still suffering from high stocks and reduced buying from downstream buyers, I think it will be hard for the whole magnesia market to pick up in the first half of next year,” a buyer added.