Nice to see Roskill still predicting supply tightness in the magnesia marketplace...........
Elsewhere in the world, Brazil and the European Commission approved the acquisition of Brazilian refractory maker Magnesita Refratários by Austria’s RHI. Magnesium compounds raw materials suppliers outside China reported improved financial results, supported by trends in refractory markets as well as the drama in China. In Europe, prices of European fused magnesia (FM) surged to exceed US$1,000/t in June 2017, following repeated increases in Chinese prices and extremely tight availability of material reflecting on international markets. These FM prices had surged to US$1,500 to 1,700/t FOB Europe by February 2018.
Supply tightness affecting certain magnesia markets is expected to persist for the foreseeable future.
