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)04/24/2019
|30600YEN (-300)||34600YEN (-300)|
|270.92US$ (-2.87)||306.33US$ (-2.9)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)