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With the approach of the first round of tender in 2008, Chinese magnesia suppliers put forward their last batch of export license at a high price RMB900-1,000/t (USD120-133/t) against the basic price RMB330/t (USD44/t) at first.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
Running fully on its production capacity of 20,00tpm of magnesia, a Haicheng-based smelter just concluded a deal of 1,000t of high-calcium fused magnesia 97%min at USD450/t FOB with a foreign customer at the closing of last week, up from USD430/t FOB in late September. The shipment will be completed by the end of December.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
"The market price of export license rose by about RMB200/t (USD27/t) in the past three weeks," revealed the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
A trader from Dalian will use up its export license bought from other suppliers at RMB750/t (USD100/t) in early September. The source made a contract of 500t of high-calcium fused magnesia 98%min at USD530/t FOB with a Southeast Asian consumer last week, with RMB1,000/t (USD133/t) for export license included. "The main reason is the high price of export license," remarked the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
"We are waiting for the next round of tender which will be held in mid-December," said the source.
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal
According to the source, the supplier refused to offer dead burned magnesia recently due to the small profits margin before this deal.
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