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.
Japan Steel Scrap Composite Prices (Sangyo Press)02/15/2019
|30300YEN (-)||35200YEN (-)|
|271.9US$ (1.32)||315.87US$ (1.53)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)