Will magnesia prices rise soon?

Since the beginning of this year, the price of magnesia has been declining, and the industry is deeply concerned. The supplier is deeply concerned about the degree of price reduction, and the buyer also has the same idea, wait and see and no stock in hand. The market operation is slightly blocked, how to crack this deadlock?

As we all know, the annual mining capacity of magnesite ore before 2017 is more than 10 million tons, and the highest is even close to 20 million tons. Due to excessive mining, resulting in a serious overcapacity, the magnesite market is competing for price, vicious cycle, and the price of magnesia has been low. In 2017, the environmental protection by government, the environmentally unqualified enterprises were shut down and production was gradually stopped, the stock gradually decreased, and the price of magnesia soared. In 2018, environmental protection policy continued to push, explosives were banned, mines were banned, and magnesia prices continued to keep at high levels. Since the second half of 2018, driven by the sharply increasing price of magnesia, companies have launched flotation production lines, and the shortage of ore has been alleviated. With the increase in ore production, the magnesia market has been sluggish since the first quarter of 2019, and prices have been Continued downward trend.

Ore production is the most fundamental reason for controlling the price rise and fall of magnesia products.

Recently, the authoritative website for the domestic magnesite industry issue the information ,  in order to stabilize the domestic and international magnesia market, promote the healthy and sustainable development of the industry, and maintain the magnesia price at a reasonable and rational level, the ore mining company which is belonging to Liaoning Lingmei Mining Company.The company will take measures in the near future and decide to continue to limit the amount of ore mined on the basis of limited mining now. At the same time, modern technology will be used to further strengthen the supervision of piracy and smuggling! I believe that the effect of this measure will soon be Appears in the market: the ore mining volume is effectively controlled, and the overcapacity problem of magnesia will be solved. If a new round of environmental protection starts, the capacity of the magnesia industry will also decrease. By then, the price of magnesia will stop falling and stabilize.

The integration and reorganization of the magnesite industry in Liaoning Province,Liaoning Lingmei Mining Company is funded, the most important task is to control the amount of magnesia mining, prevent overcapacity, rectify the chaos in the industry, and maintain the healthy and orderly development of the industry. The mining volume is limited again, giving full play to the role of Liaoning Lingmei Mining Company, reflecting the significance of Liaoning Lingmei industry integration. I believe that Liaoning Lingmei Mining Company is in the process of stabilizing the magnesia market and grasping the international discourse rights of Liaoning Magnesia. Will play a bigger role.