Magnesium ingot prices continue soaring in Asia

The magnesium ingot 79NE2A4145Z1CD711C3165M30T3E8367SCSO649C8YM9ONV74H9210308LV339RYK97W34G10N923W816263CZ2D4L3GLQ70C6Z3NA7T2OPF7NANX2476ULUI0E9271H04OF4O7A72R1Y6SEN5VRC6EF5NP7X429L7U74H2F80432MDI73Y3SU6TN0V8V00156W2T476 prices in Asian market have been on the rise in the past couple of months prompted by the strengthening market in China, sources reported to Asian Metal today.VW8H2N2LDE5095LF5OB5T4Y3V73KANNEZ87N3MDCGEU96GX811JA0X2436NJ99A90657XA002M0LV04366UR8088Z9XAK678DL6JBJF6M3QV613BM367417BW07RS8YX65G4D7X0CDU359XDTKC4BLHFH02O17847E64I4444ZT1O5G871419E75O2SXWR7W7O9J9T9G
Q3ZMYM82VK4H0Y458ZR9IA6SEP2XX8X7P0LRE8ZYBHKD77TSXS8KL34U5V4T4XN184IW2759SM85H6R7KINXNI92M4EHCDU3R7XH3394Y1ZTZU38P007VFFI1UVS98YW23L1WAG70Q1Z0NCHSA62516370PI312VYJDU99UZ2EP580CHZ65OAN3L637I5MA4X13KVH8N LD7EY7OVAW34036E9XW65ZK200MNR1MDE34813747B37WR4UCSA5XEC11159RG28731P7Q9I35LTCD3GGL2S7AYQ3RSBF6I6N30QAR4WCRWPBAQX62YFMV1UUXK1Q58SPPM2ETNE36VNZM4X45241UCW717MC102HLR5413P2SQ8C815BM35C2X1PPA2YTHPWAWZ1E2I An aluminum producer in Thailand, who consumes about two containers of magnesium ingot per month, reported that the price of the material has kept rolling up in the past few months. "Our previous purchase was made late October with the contracted price a little higher than USD3,100/t CIF Bangkok for November shipment," said the source, adding that the offer received from China was as high as USD3,350/t CIF Bangkok in the middle of last week and USD3,450/t CIF Bangkok early this week both for December shipment.WUFJF0BS772VU0BHYZSX8I435UGR273626S40MICQJ087ZZ9U0S89VG7YVFH403BP33SLQ79NL1RH1DR70006136L44UJ675123K57P5SGRLRU7603772O0JJZ24G9R5H6977Z1AM08L1FB0Y2IH02LF95Y33A40C5MBE657090YY6337W8W25YI5NQ992J5X4C41B18
2YP8ZYHK2IEN1SZ8CV1IS9F78N6DL40M7R4BE85W3U3K0P28ISGUJZ7Q64PB8606TFY3I43T9609Y60U050MBSY0DV28J1W938296902HF7K1F8YQ5WRD41F4B95H27O9WO2458R56MB8LWO208574OKVHXQ8D8S6MF3ZLYFEFQ135GV13G4F8LW6732I05779L5M061 M012Y230649FYUIHJJNA6WX2UBLU8I35L0LV8JY4CGR7ZKOXTO3K7CB56318EHQYJB8532SFOOO9520OHVM051M3UE28E6H4OES6OAX735XFA6ZLE312H24CHXY816P3FRE4797E6NYQOU68RK4FD6GWM6KHIL7868523K4876954820B282J5AY6VYH9392A9Z13M49 "Since our consumption of magnesium ingot is small, we can bear the price increase. However, consumers, who need to purchase hundreds of tons of the material per month, may endure great hardships due to the price hike," said the source. 9S54F589LI86QN6K3L3HYE93J7F94Y2C4K6K745D053WWSB0LW0PU7F0M0XG90S11D0602N8742X7G7Y742JL2YJ9AAPIQ7J21Z4100KYCSBR4C1549TC9IRXY8D79KDX66B32I088ZOTNG0ECPCACPE7DP153CR4Z3RAX6Z69HS2S58SQJP49B1OTOY9X0F0IGP34H4
IWY9Z4CRX873YE69NHTS8VS7Q56K6P89B4MZWXTX7A6J1329ZO65F86Y2QHA36KT397H8CCQF61E4VT019H8W7NU6385IDW7K7XA12LD507A182516ARYVLN9ANI83415Y2N1SA69M5E4SA54Y0J7GSK585LB44H980AVRB4T29WR6JI1C7EMGPQP02GISEJYU5S6I8T 9E75277P2110B75LAEE4M66WFHEO0013DUR369D6FFN345CRGH7A7FSR2D7GF5914A917OXUKKIA53CP7EV58I27R274ID2TG0VZ8723007J6H74895G9E4IR96N50HLS2ME184543060R3NU0FMNA66OJ4O144MC6GZYASP84L0ZTB0SN0L5C1BOW59LT8B6UH64538 A Korean trader confirmed that the magnesium ingot prices have been hiking in the past couple of months, especially in Oct and November. "Some of our customers had expected the market would cool down in fourth quarter, but to their disappointment, the market rose at a faster pace from October," said the source. Some consumers have to accept whatever Chinese suppliers ask in order to maintain normal production, but others choose to hold back from purchasing and wait for the market to calm down.Z6X5FAQ20YLM49IMSX0RA0K3CUD1Q1B5T1RJMMTD48RV9LD2C7L4RRE3B252400ETWWPOW2S0331G3L288K62JNDK5OJHQ6DHZRM64L2F97661LTE51UX36Z49KWI01TN73IA4NA1S0SJV4AJ9V8Z9T1K62Z7QSG7K13WC7F1Z5MQ762S3VI7H1Y59M995QXGF37NSLD
59M39SD3IAOB7G9J7U1KS7K2N0JAC5DB6W4T53E4MMY70DQ0L4T169082NW8SIZ09URMXV4CVNR2BKR8IF7JJ2B127V6EQH2PA3SCJ3Q5KY80H30T42206TJV84PR6I98T8TK2Y1A3071BV8X27AC4KV1F00O734YGJ81P603REJ8Y45A0I9QZ1760W39A5Y1U1FN85P The source reported to have received offers of USD3,500-3,550/t CIF Pusan for December shipment early this week but decided not to buy at such high prices.6FMXGMCKN81SOT8VATLA400KV7O3ES1IYV7SNN2BR250GHO34SXV52L1DV75886T6SM06O0OGPQ5X48HMB9HTSOX0X6XO6779CZ299N15Z437OZ8F0Z625OW715T64YLEH446XC97S3UC72HXZBFE17GMX5HGOHELM2X96940AQBD2UW805FY623N3B871D1DZNXE4H7
JT2BZ9895M4E862A8SKC8S173N56W8SLHE49P89XD2XIF030Q4ZK0UQG8VZZ8S78X742LS8N4P2KX943E3M168CN0WK3HDV5LO5B76807986CNP076FR727V49B033F71A9US92RH36IBA24673ESB83GIF2HS1XHHXQR8E7IFFQBSM81V1XSQ746G12338016S8869J Meanwhile, an Indian trader, who usually imports several containers of magnesium ingot per month from China, revealed that the offer he received yesterday was as high as USD3,700/t CIF Mumbai with shipment next January, but he has no intention of buying at such a high price. The source confirmed that the magnesium ingot market runs out of control, citing that he bought a container at USD3,480/t CIF Mumbai last week for December shipment.