Magnesium powder requirements steady from South East Asia
2012-08-09 10:00:46 [Print]
BEIJING (Asian Metal) 9 Aug 12 – Sources reported to Asian Metal that the demand for magnesium powder stands steady from Southeastern Asian countries despite tardy transactions. They, who bid RMB19,300-19,500/t (USD3,047-3,093/t) ex works nowadays in accordance with the upstream and downstream market conditions, are expecting price stability in magnesium ingot before a promising turn in the powder market.
A Shanxi magnesium powder producer with an output of 300tpm revealed that they have not stricken any deal up till now this week since the price decline. However, Japanese customers enquire from time to time, who start procuring material for continuous production after the facility maintenance stage. “One buyer ordered 160t from me last month when the price of ingot got firm,” recalled the producer, adding that the repair day is wearing on with consumers’ initiative to procure more backup materials climbing now.
“But their demand looks stable all in all,” commented he, adding that the number of enquirers have surpassed the one of purchasers since August. The source interpreted the reason beneath the phenomenon that the price decrease in magnesium ingot and powder invokes powder buyers’ wait-and-see state of mind. “I offer RMB19,300-19,500/t (USD3,047-3,093/t) ex works at this moment,” said he, hoping for its stability consistent with that of magnesium ingot soon.
A second Shanxi smelter, who yields 300t of magnesium powder each month, also claimed that the requirement from Southeastern Asian countries stays unvaried in general. “They need buy some however low or high the price turns,” remarked she, whose offer for magnesium powder has diminished to RMB19,300-19,500/t (USD3,047-3,093/t) ex works in line with that of magnesium ingot. With a 70-ton deal finalised with her magnesium ingot supplier at RMB18,100/t (USD2,858/t) ex works on hand, she feels no more intention of further procurement.
“The price of ingot has dropped by 300/t (USD48/t) ex works since last week, so we marked down our offer little by little too,” told she, with an expectation for the price steadiness in the near future. “Buyers come to me now and then, but they are simply hesitant to buy,” commented the smelter, speculating that some of her customers foretell another price slide in magnesium powder in the wake of that in ingot. “If the price keeps dropping, I’m afraid they’ll stall buying,” pointed the source.
BEIJING (Asian Metal) 9 Aug 12 – Sources reported to Asian Metal that the demand for magnesium powder stands steady from Southeastern countries despite tardy transactions. They, who bid RMB19,300-19,500/t (USD3,047-3,093/t) ex works nowadays in accordance with the upstream and downstream market conditions, are expecting price stability in magnesium ingot before a promising turn in the powder market.
A Shanxi magnesium powder producer with an output of 300tpm revealed that they have not stricken any deal up till now this week since the price decline. However, Japanese customers enquire from time to time, who start procuring material for continuous production after the facility maintenance stage. “One buyer ordered 160t from me last month when the price of ingot got firm,” recalled the producer, adding that the repair day is wearing on with consumers’ initiative to procure more backup materials climbing now.
“But their demand looks stable all in all,” commented he, adding that the number of enquirers have surpassed the one of purchasers since August. The source interpreted the reason beneath the phenomenon that the price decrease in magnesium ingot and powder invokes powder buyers’ wait-and-see state of mind. “I offer RMB19,300-19,500/t (USD3,047-3,093/t) ex works at this moment,” said he, hoping for its stability consistent with that of magnesium ingot soon.
A second Shanxi smelter, who yields 300t of magnesium powder each month, also claimed that the requirement from Southeastern countries stays unvaried in general. “They need buy some however low or high the price turns,” remarked she, whose offer for magnesium powder has diminished to RMB19,300-19,500/t (USD3,047-3,093/t) ex works in line with that of magnesium ingot. With a 70-ton deal finalised with her magnesium ingot supplier at RMB18,100/t (USD2,858/t) ex works on hand, she feels no more intention of further procurement.
“The price of ingot has dropped by 300/t (USD48/t) ex works since last week, so we marked down our offer little by little too,” told she, with an expectation for the price steadiness in the near future. “Buyers come to me now and then, but they are simply hesitant to buy,” commented the smelter, speculating that some of her customers foretell another price slide in magnesium powder in the wake of that in ingot. “If the price keeps dropping, I’m afraid they’ll stall buying,” pointed the source.
A Shanxi magnesium powder producer with an output of 300tpm revealed that they have not stricken any deal up till now this week since the price decline. However, Japanese customers enquire from time to time, who start procuring material for continuous production after the facility maintenance stage. “One buyer ordered 160t from me last month when the price of ingot got firm,” recalled the producer, adding that the repair day is wearing on with consumers’ initiative to procure more backup materials climbing now.
“But their demand looks stable all in all,” commented he, adding that the number of enquirers have surpassed the one of purchasers since August. The source interpreted the reason beneath the phenomenon that the price decrease in magnesium ingot and powder invokes powder buyers’ wait-and-see state of mind. “I offer RMB19,300-19,500/t (USD3,047-3,093/t) ex works at this moment,” said he, hoping for its stability consistent with that of magnesium ingot soon.
A second Shanxi smelter, who yields 300t of magnesium powder each month, also claimed that the requirement from Southeastern Asian countries stays unvaried in general. “They need buy some however low or high the price turns,” remarked she, whose offer for magnesium powder has diminished to RMB19,300-19,500/t (USD3,047-3,093/t) ex works in line with that of magnesium ingot. With a 70-ton deal finalised with her magnesium ingot supplier at RMB18,100/t (USD2,858/t) ex works on hand, she feels no more intention of further procurement.
“The price of ingot has dropped by 300/t (USD48/t) ex works since last week, so we marked down our offer little by little too,” told she, with an expectation for the price steadiness in the near future. “Buyers come to me now and then, but they are simply hesitant to buy,” commented the smelter, speculating that some of her customers foretell another price slide in magnesium powder in the wake of that in ingot. “If the price keeps dropping, I’m afraid they’ll stall buying,” pointed the source.
BEIJING (Asian Metal) 9 Aug 12 – Sources reported to Asian Metal that the demand for magnesium powder stands steady from Southeastern countries despite tardy transactions. They, who bid RMB19,300-19,500/t (USD3,047-3,093/t) ex works nowadays in accordance with the upstream and downstream market conditions, are expecting price stability in magnesium ingot before a promising turn in the powder market.
A Shanxi magnesium powder producer with an output of 300tpm revealed that they have not stricken any deal up till now this week since the price decline. However, Japanese customers enquire from time to time, who start procuring material for continuous production after the facility maintenance stage. “One buyer ordered 160t from me last month when the price of ingot got firm,” recalled the producer, adding that the repair day is wearing on with consumers’ initiative to procure more backup materials climbing now.
“But their demand looks stable all in all,” commented he, adding that the number of enquirers have surpassed the one of purchasers since August. The source interpreted the reason beneath the phenomenon that the price decrease in magnesium ingot and powder invokes powder buyers’ wait-and-see state of mind. “I offer RMB19,300-19,500/t (USD3,047-3,093/t) ex works at this moment,” said he, hoping for its stability consistent with that of magnesium ingot soon.
A second Shanxi smelter, who yields 300t of magnesium powder each month, also claimed that the requirement from Southeastern countries stays unvaried in general. “They need buy some however low or high the price turns,” remarked she, whose offer for magnesium powder has diminished to RMB19,300-19,500/t (USD3,047-3,093/t) ex works in line with that of magnesium ingot. With a 70-ton deal finalised with her magnesium ingot supplier at RMB18,100/t (USD2,858/t) ex works on hand, she feels no more intention of further procurement.
“The price of ingot has dropped by 300/t (USD48/t) ex works since last week, so we marked down our offer little by little too,” told she, with an expectation for the price steadiness in the near future. “Buyers come to me now and then, but they are simply hesitant to buy,” commented the smelter, speculating that some of her customers foretell another price slide in magnesium powder in the wake of that in ingot. “If the price keeps dropping, I’m afraid they’ll stall buying,” pointed the source.
Magnesium Powder 99.9%min EXW China
Unit:RMB/mt
China magnesium powder producers' inventory statistics by province by month
Unit: mt
