SHANGHAI, Mar 9 (SMM) – China's magnesium powder output stood at 6,000 mt in February, up 4.1% MoM. YTD output through February totalled 12,000 mt.
In February, operating rates at domestic magnesium powder enterprises remained at a low level, and the sluggish end-user market triggered pessimism among magnesium powder enterprises.
The head of a large magnesium powder company said that after CNY holidays, the market demand has shrunk by nearly 40% compared with the same period last year. The decline in overseas demand was particularly significant. The magnesium powder market is poised to remain subdued in the near term unless domestic market improves. China’s magnesium powder in March is estimated at around 6,000 mt.
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