China's domestic magnesium prices softened in the past week on high supply, a lack of local demand and a subdued overseas market despite a gradually recovering world economy.
Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 12,500-12,600 yuan ($1,827-1,841) per tonne on Friday September 4, down by 100 yuan per tonne from 12,600-12,700 yuan per tonne a week earlier. This also marked a third week of decreases.Sources told Fastmarkets that the magnesium market was in a downtrend and that prices were likely...