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Analysis of Reburnt Magnesia Export

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Analysis of Reburnt Magnesia Export

Date:2017-03-11 author:Hongkai Fire Resistance click:

Reburnt magnesia exports generally present a situation of "volume increase and price drop", and general trade remains stable. Among them, the export of light and heavy burnt magnesium in the first and second quarters showed a downward trend, with both volume and price dropping. Especially after a large number of foreign merchants hoarded goods at the end of the fourth quarter of 2013, the purchasing volume in the first and second quarters of 2014 decreased significantly. The transaction price is close to the cost line, and there is little or no profit margin, while foreign investors have strong wait-and-see sentiment, orders are still scarce, and the market is close to collapse. At the end of the second quarter, after the situation fell to the bottom, the market began to improve in the third quarter after the joint efforts of the industry to reduce tenders. Trading volume increased significantly, prices stabilized and rose slightly, and the quota for the whole year was completed. Overall, the trend of the year shows a shallow "V" type. In 2014, China's total exports of light and heavy magnesia were about 1.35 million tons, an increase of 22% over the same period last year. Exports of 1.065 million tons under general trade (excluding customs declarations at the end of 2013 and statistics to 2014), of which 173,000 tons of light burnt magnesium were exported, down 27.9% from the same period last year, and 571,000 tons of heavy burnt magnesium, up 3% from the same period last year.




Fused magnesium 321,000 tons, up 1.3% year-on-year; magnesite 218 tons, down 33% year-on-year. The total amount of exports is US$390 million. The average export price is 366 US dollars/ton. Among them, $230 per ton of light burnt magnesium, an increase of 0.7%, $290 per ton of heavy burnt magnesium, a decrease of 3%, $580 per ton of fused magnesium, a decrease of 7.1%, and $280 per ton of magnesite, a decrease of 13.2%. In 2014, China's exports of light and heavy burnt magnesia showed a situation of "increase in volume and decrease in price" mainly due to three aspects: First, the international economic recession, inadequate demand. The export of light and heavy burnt magnesium is in the buyer's market, with strong bargaining power from foreign investors and weak bargaining power from Chinese enterprises. Foreign businessmen concentrate on purchasing in the fourth quarter of each year, while purchasing in smaller quantities at other times keeps pushing down prices. In order to maintain their normal operation and market share, but also worried about the penalty of quota waste, export enterprises cut export prices, sell at low prices, to close to the cost price of exports, leading to a decline in the overall export price. The second is the statistical caliber. Due to the change of foreign purchasing strategy, a considerable part of enterprises'exports were concentrated in the fourth quarter, and a considerable part of the lightly burned magnesium exported by customs declaration in December was counted to January 2014. According to estimates and calculations, the volume in 2013 is about 160,000-170,000 tons, higher than in any previous year. Therefore, the statistical time lag leads to the "virtual high" of export volume. Thirdly, the re-export trade of light and heavy burnt magnesium in North Korea has begun to increase again, including illegal acts of stealing certificates of origin, bonded warehouse reprocessing and so on. In 2014, the light and heavy burning of magnesium in North Korea's transit trade reached 157,000 tons, an increase of about 10,000 tons compared with 2013. The entrepot trade of light and heavy burnt magnesia pushed up the export quantity of our country and lowered the average export price at the same time.


Reburnt magnesia

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