Tuesday, November 06, 2007
Magnesia price holds firm in overseas market
With the approach of the first round of tender in 2008, Chinese magnesia suppliers put forward their last batch of export license at a high
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
Running fully on its production capacity of 20,00tpm of magnesia, a Haicheng-based smelter just concluded a deal of 1,000t of high-calcium fused magnesia 97%min at USD450/t FOB with a foreign customer at the closing of last week, up from USD430/t FOB in late September. The shipment will be completed by the end of December.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
"The market price of export license rose by about RMB200/t (USD27/t) in the past three weeks," revealed the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
A trader from Dalian will use up its export license bought from other suppliers at RMB750/t (USD100/t) in early September. The source made a contract of 500t of high-calcium fused magnesia 98%min at USD530/t FOB with a Southeast Asian consumer last week, with RMB1,000/t (USD133/t) for export license included. "The main reason is the high price of export license," remarked the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
"We are waiting for the next round of tender which will be held in mid-December," said the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
According to the source, the supplier refused to offer dead burned magnesia recently due to the small profits margin before this deal.
price RMB900-1,000/t (USD120-133/t) against the basic price RMB330/t (USD44/t) at first.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
Running fully on its production capacity of 20,00tpm of magnesia, a Haicheng-based smelter just concluded a deal of 1,000t of high-calcium fused magnesia 97%min at USD450/t FOB with a foreign customer at the closing of last week, up from USD430/t FOB in late September. The shipment will be completed by the end of December.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
"The market price of export license rose by about RMB200/t (USD27/t) in the past three weeks," revealed the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
A trader from Dalian will use up its export license bought from other suppliers at RMB750/t (USD100/t) in early September. The source made a contract of 500t of high-calcium fused magnesia 98%min at USD530/t FOB with a Southeast Asian consumer last week, with RMB1,000/t (USD133/t) for export license included. "The main reason is the high price of export license," remarked the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
"We are waiting for the next round of tender which will be held in mid-December," said the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
According to the source, the supplier refused to offer dead burned magnesia recently due to the small profits margin before this deal.
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