Magnesium alloy export market showing a promising turn
2012-04-26 09:09:46 [Print]
BEIJING (Asian Metal) 26 Apr 12 – With the price of magnesium ingot standing temporarily stable, that of magnesium alloy is approaching steadiness at RMB19,400-19,600/t (USD3,083-3,115/t) ex works. Today witnesses a subtle warm-up with foreign enquiries on the increase in the magnesium alloy export market.
A Shanxi magnesium alloy producer with a monthly output of 7,000t claimed that enquiries abroad about Chinese magnesium alloy start to rise, which helps increase his confidence of transacting successful business after a spell of market stagnation. In view of rational business margins, he holds his offer at RMB19,400-19,600/t (USD3,083-3,115/t) ex works, unchanged since one week ago.
“Now the price of material has gone stable, so I don’t want to bring up my offer again,” shared the source, stating that he will not consider marking down his quote either as consumers abroad become eager for procurement again. “Foreign consumers kept watching the export market until the price stood still,” pointed the producer, emphasizing multitudinous purchasers abroad need further procurement of stored materials, whose stock is melting away day by day. “They tell me they’ll prepare enough materials for Q2 and even Q3,” revealed the producer, who would like to conclude deals at RMB19,000/t (USD3,019/t) ex works one week ago, drawing the line at RMB19,400/t (USD3,083/t) ex works now.
His local counterpart with a sales volume of 8,000tpm echoed his statement that consumers overseas phone or write for his quotes frequently today. Similarly, he bids RMB19,400-19,600/t (USD3,083-3,115/t) ex works, who would give the elbow to any shrill bargainers. He determines to keep his current quote on the basis of the raised cost on the one hand and the generally indifference of foreign consumers before.
“I could accept their bargains before the cost rise,” told the exporter, “but now it’s impossible since the cost has gone up.” He believed that transactions will rise with the rebound of the downstream demand, who noted an obvious increase in the foreign enquiries. “I haven’t managed any deals for a long time because buyers turned me down,” recalled the source, “but they don’t seem that surprised at my offer now.” He is awaiting their orders in the near future.
A Shanxi magnesium alloy producer with a monthly output of 7,000t claimed that enquiries abroad about Chinese magnesium alloy start to rise, which helps increase his confidence of transacting successful business after a spell of market stagnation. In view of rational business margins, he holds his offer at RMB19,400-19,600/t (USD3,083-3,115/t) ex works, unchanged since one week ago.
“Now the price of material has gone stable, so I don’t want to bring up my offer again,” shared the source, stating that he will not consider marking down his quote either as consumers abroad become eager for procurement again. “Foreign consumers kept watching the export market until the price stood still,” pointed the producer, emphasizing multitudinous purchasers abroad need further procurement of stored materials, whose stock is melting away day by day. “They tell me they’ll prepare enough materials for Q2 and even Q3,” revealed the producer, who would like to conclude deals at RMB19,000/t (USD3,019/t) ex works one week ago, drawing the line at RMB19,400/t (USD3,083/t) ex works now.
His local counterpart with a sales volume of 8,000tpm echoed his statement that consumers overseas phone or write for his quotes frequently today. Similarly, he bids RMB19,400-19,600/t (USD3,083-3,115/t) ex works, who would give the elbow to any shrill bargainers. He determines to keep his current quote on the basis of the raised cost on the one hand and the generally indifference of foreign consumers before.
“I could accept their bargains before the cost rise,” told the exporter, “but now it’s impossible since the cost has gone up.” He believed that transactions will rise with the rebound of the downstream demand, who noted an obvious increase in the foreign enquiries. “I haven’t managed any deals for a long time because buyers turned me down,” recalled the source, “but they don’t seem that surprised at my offer now.” He is awaiting their orders in the near future.
Magnesium Alloy AZ91D FOB China
Unit:USD/mt
China magnesium alloy producers' suspension number statistics by month
Unit: pcs
