Magnesium alloy home market moving steadily
2012-08-27 10:11:15 [Print]
BEIJING (Asian Metal) 27 Aug 12 – Nowadays keeps seeing the stable movement of the magnesium alloy home market with both the requirement and the price unchanged. With RMB19,900-20,200/t (USD3,144-3,191/t) ex works continuously dominating the market, producers told Asian Metal that deals remain petty yet steady.
A Shanxi magnesium alloy smelter, whose monthly output stays at 600t, shared that no news has happened in the past few days with domestic requirement as steady as ever. “Magnesium alloy buyers mostly felt like watching the market when the price of magnesium ingot went down ten days ago,” recalled the source, continuing that downstream activities have returned to normal since the price stability of magnesium ingot.
“Buyers wished us to follow suit,” pointed the smelter, “but we didn’t since our offer was low enough.” Now his quotation remains RMB20,100/t (USD3,176/t) ex works for magnesium alloy until the material will shows a further decline in price. With a 50-ton deal in hand, he, who procured a batch of material at RMB18,000/t (USD2,843/t) ex works the other day, claimed that RMB20,000/t (USD3,160/t) ex works has approached his limit as the concluded price.
His local counterpart with an output of 400tpm was also positive of the normal state of the home market at present. According to the source, both the price and the transaction stay unvaried despite the subtle rebound of foreign demand. “Now RMB19,900-20,200/t (USD3,144-3,191/t) ex works is still dominant in the market as consumers don’t go for a higher price,” commented the producer, aware that procurers have rarely hesitated to purchase whenever in need since the price stability of magnesium ingot.
“Lots of downstream customers looked on with an eye to buying at the lowest price when magnesium ingot dropped in price in the middle of August,” remarked the source, who added that the price of magnesium alloy stood unaltered then by reason of the replenishment procrastination of numerous counterparts. “Most of us stockpiled material at RMB17,600-17,800/t (USD2,780-2,812/t) ex works a long time ago,” confided the source, whose consumption is utterly dependent upon the demand now. “Buyers come to me for scores of tons mow and then so I need procure material these days,” concluded she.
A Shanxi magnesium alloy smelter, whose monthly output stays at 600t, shared that no news has happened in the past few days with domestic requirement as steady as ever. “Magnesium alloy buyers mostly felt like watching the market when the price of magnesium ingot went down ten days ago,” recalled the source, continuing that downstream activities have returned to normal since the price stability of magnesium ingot.
“Buyers wished us to follow suit,” pointed the smelter, “but we didn’t since our offer was low enough.” Now his quotation remains RMB20,100/t (USD3,176/t) ex works for magnesium alloy until the material will shows a further decline in price. With a 50-ton deal in hand, he, who procured a batch of material at RMB18,000/t (USD2,843/t) ex works the other day, claimed that RMB20,000/t (USD3,160/t) ex works has approached his limit as the concluded price.
His local counterpart with an output of 400tpm was also positive of the normal state of the home market at present. According to the source, both the price and the transaction stay unvaried despite the subtle rebound of foreign demand. “Now RMB19,900-20,200/t (USD3,144-3,191/t) ex works is still dominant in the market as consumers don’t go for a higher price,” commented the producer, aware that procurers have rarely hesitated to purchase whenever in need since the price stability of magnesium ingot.
“Lots of downstream customers looked on with an eye to buying at the lowest price when magnesium ingot dropped in price in the middle of August,” remarked the source, who added that the price of magnesium alloy stood unaltered then by reason of the replenishment procrastination of numerous counterparts. “Most of us stockpiled material at RMB17,600-17,800/t (USD2,780-2,812/t) ex works a long time ago,” confided the source, whose consumption is utterly dependent upon the demand now. “Buyers come to me for scores of tons mow and then so I need procure material these days,” concluded she.
Magnesium Alloy AZ91D FOB China
Unit:USD/mt
China magnesium alloy producers' suspension number statistics by month
Unit: pcs
