Magnesium Market Report March 2012

The magnesium ingot market ran stable in early March. Concluded prices of magnesium ingot hold at RMB16,300-16,500/t (USD2,587-2,619/t) ex works and at RMB16,000-16,100/t (USD2,539-2,555/t) ex works in Shanxi and Shaanxi, both on ex works basis.Asian Metal CopyrightThe magnesium ingot market ran stable in early March.Asian Metal Copyright However, most magnesium ingot traders in Shaanxi revealed to Asian Metal that they held low inventory of the material and some plants lifted offers to make more profits as the movement was inactive. Plants in Shanxi were not expected to increase the price and figures still ran at RMB16,400-16,500/t (USD2,603-2,619/t) ex works.Asian Metal CopyrightThe magnesium ingot market ran stable in early March.Asian Metal Copyright In general, the price of magnesium ingot will hold steady, but the buying activity keeps low.Asian Metal Copyright Plants in Shanxi were not expected to increase the price and figures still ran at RMB16,400-16,500t USD2,603-2,619t ex works.Asian Metal Copyright