During the fourth quarter of 2017, the Chinese magnesium industry experienced shutdown, restructuring and adjustments. In 2018, market conditions were also unfavorable as Chinese magnesium plants had to comply with highly strict requirements on its environmental performance and accordingly magnesium producers have been experiencing great difficulty in trying to resume production. The magnesium market turned around from supply surplus in previous years to supply shortage, leading to magnesium prices going up all the way. 2018 is also a year when market players in the magnesium market feel both pleasure and worry, as producers enjoy juicy profits but also shoulder environmental pressures, end-users had to afford high production costs but also were able to maintain stable operation, and traders struggled ahead but also enjoy benefits resulting from rising USD-RMB exchange rate.
With an outlook into the future, how will magnesium market press ahead in 2019? In what way will prices fluctuate? In which direction will supply-demand relation go? As a global major magnesium production country, China supplies as high as 90% of magnesium on the global market. Against this background, we now invite you to join us in interpreting changes and developments on the magnesium market in order to provide valuable references for the industry.
With consistent support from our member users, Asian Metal will continue to hold the 8th Magnesium Summit 2019 in Zhuhai, Guangdong, China, on April 11-12, 2019. Global magnesium market players including producers, traders, consumers and relevant professionals are expected to attend the conference to share information and exchange views on development trends and potential ways out for the magnesium market!
