Magnesium Market Report June 2014

Magnesium ingot prices fluctuated wildly in June.Asian Metal CopyrightMagnesium ingot prices fluctuated wildly in June.Asian Metal Copyright Figures were still on the decline in early June as they had been in May and quotations bottomed out, so overseas buyers entered the market rapidly to restock in large quantities at the lowest prices.Asian Metal Copyright Figures were still on the decline in early June as they had been in May and quotations bottomed out, so overseas buyers entered the market rapidly to restock in large quantities at the lowest prices.Asian Metal Copyright Consequently, demand was released and the pressure on plants from large inventories and poor sales was eased.Asian Metal Copyright Consequently, demand was released and the pressure on plants from large inventories and poor sales was eased.Asian Metal Copyright Then prices started to creep up, but the market saw fewer deals and declining demand as most buyers had finished purchasing at rock-bottom prices.Asian Metal Copyright The prices ebbed and deals remained sporadic in mid-June.Asian Metal Copyright The prices ebbed and deals remained sporadic in mid-June.Asian Metal Copyright Then prices started to creep up, but the market saw fewer deals and declining demand as most buyers had finished purchasing at rock-bottom prices.Asian Metal Copyright One by one, magnesium plants started to overhaul in late June, but the tighter supply coupled with a marginal increase in ferrosilicon prices ensured prices for magnesium ingots remained firm.Asian Metal Copyright In addition, some suppliers that were experiencing very little pressure from capital flows became bearish about the market outlook and even lifted their offers slightly.Asian Metal Copyright In addition, some suppliers that were experiencing very little pressure from capital flows became bearish about the market outlook and even lifted their offers slightly.
.Asian Metal CopyrightMagnesium ingot prices fluctuated wildly in JuneAsian Metal Copyright