China’s magnesium prices to stabilize late 2016: producer

摘要

China’s domestic and exportmagnesium ingot prices are likely to stabilizein late 2016 as demand and supply strike abalance, Wenxi Zhenxin Magnesium’s generalmanager Lin Yuezhu told the 5th World MagnesiumForum in Xiamen, China.Lin said the sale price for magnesiumingot had been moving up since January 3on rising ferrosilicon and coal prices. Limitedspot supply and active purchasing from bothdomestic and overseas buyers before theLuna New Year holidays in early Ferbruaryhad also contributed to the hike.