Chinese Magnesium Alloy Ingots are Making a Strong Rally

Chinese magnesium alloy ingots are making a strong rally. Export price for Japan in last week was 2,720-2,740 dollers per ton, it rose by 180-200 dollers for 10 days. Though the price was falling trend so far, because producer is reluctant to sell the stocks, a lot of purchaser made a hasty purchase. But it is unclear if the price keeps to rise due to excess of supply and slumping domestic demand and export.