China’s magnesia sector upbeat on tight supply, but market activity still thin

China’s magnesia export market has remained quiet, with few new deals reported this week because most market participants were just back from New Year holidays, although market sentiment remained upbeat due to tight supply.

Sentiment in China’s magnesia market remained bullish with increasing numbers of higher offers heard due to low availability of materials. But market activity was quiet because of the seasonal holidays, and no new deals have been made at those higher prices to date.

Fastmarkets assessed the price for magnesia,...