In 2013, magnesium industry saw shutdown, reorganization and adjustment. Fugu Magnesium Industry Group operating cooperatively companies led to an ascending price against the market, and helped the company to obtaine the discourse power and pricing right gradually. However, can Chinese magnesium industry turn around successfully in this situation? And can the cancellation of the export duty help to largen the application of magnesium metal in downstream markets?
End-users started to build trader relations directly with domestic producers as demand from international market continued to decline with business margins , which issued challenges to intermediate traders. In addition, Customs policies of downgrading exchange rates and raising ocean freight added fuel to the fames to magnesium traders with the result that some participants had envisaged a dead line while others had turned to other fields.
Unprecedented pressures see both challenges and opportunities. Hence, magnesium manufacturers familiar with market disciplines and trend will make the best use of capital, information and new supply mode ahead of time in order to gain an advantage over the future reform.
US started QE and China tightened liquidity further as European debt crisis spread. Where will the magnesium industry go in 2014? What about the prices and profits? Will participants make money or loss? Will capital or order-operation push the market forward? Will new market or processors can be sought? All the factors above are the most concerned topics of every insider. Let's get together to interpret market changes and growing process in order to obtain confidence and new growth points.
Accepting sustainable support and confidence from industry insiders, Asian Metal will host the “3rd World Magnesium Forum” in Nanjing from March 26 to 28. Senior officials and industry experts from production sector, process sector and casting sector, as well as professional associations, information platforms, professional media and giants from auto, motorcycle, 3C industry and aviation sector, will discuss the development direction and seek a new trail.
We hope to see you this spring at the “3rd World Magnesium Forum” in Nanjing.
