Magnesium Market Report July 2014
2014-08-13 16:09:00 【Print】
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Magnesium ingot prices remained generally stable in July
. One by one, plants started regular maintenance early in the month, so tight supply and a slight increase in ferrosilicon prices maintained the upward trend in magnesium ingot prices seen in late June . However, most buyers made hand-to-mouth purchases, given the soft demand at home and abroad, so the market activity was subdued . The magnesium metal market had entered the slack season for demand with most downstream users shutting down their operations for maintenance during the scorching weather, limiting market activity . Some producers slightly lowered their offering prices to ease pressure on stocks at the end of the month.