Bare metal price of Chinese magnesium dropped to the lowest level in 5 years on the background of homeostatic excess production. Export price for Japan decreased by 80-130 dollers per tonne to 2,550-2,580 dollers in the second half of February on April 1st. A lot of magnesium factory compel deficit balance because the price dip below the production cost.
Japan Steel Scrap Composite Prices (Sangyo Press)11/25/2022
|47200YEN (-400)||48300YEN (-500)|
|336.88US$ (-2.49)||344.73US$ (-3.2)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)