China magnesia export prices make first 2020 increase on lower supply, stronger yuan

摘要

Most of China’s magnesia export prices increased for the first time in 2020 due to falling supply, recent positive government regulations and a stronger yuan against the US dollar, sources said. China’s magnesia export prices narrowed up by $10 per tonne in the week to Tuesday November 17 on higher domestic prices due to increased buying and lower supply, sources said. Fastmarkets' latest spot price assessment for magnesia, dead burned, 97.5% MgO, lump, fob China was at $310-350 per tonne on Tuesday, its first move for 12 weeks since August 18. This price started the year at $400-450 per tonne on January 7.