Magnesium price falls in Europe despite supply-driven gains in China

The Chinese magnesium market was supported by output cuts and the suspension of operations at small plants in the week ended Friday April 17, but muted demand has limited supply-driven price increases in the international market.

Fastmarkets assessed the price of magnesium 99%, exw China, at 13,000-13,100 yuan ($1,836-1,850) per tonne on Friday, up from 12,900-13,100 yuan per tonne a week earlier.
The mainstream transaction price was heard at 13,000 yuan per tonne.
Despite the slight rise, market participants took a cautious view of the price trend because downstream demand has not picked up.

The export price remained flat in a slow market, in which exporters were...

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