The magnesium price in China rose to a two-month high last week after producers raised their offers amid growing optimism over planned stockpiling by the Yulin Municipal Government, market sources told Fastmarkets.
Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 12,700-12,800 yuan ($1,896-1,911) per tonne on Friday October 23, an increase of 400 yuan per tonne (3.2%) from 12,300-12,400 yuan per tonne a week earlier. The price was last at its current level on August 21."The...