Editor: Lena
In the third quarter of 2019, the overall magnesia market in Liaoning was not satisfactory. The inventory was too large, the downstream demand was not much, which led to the decline in the price of magnesia.
In fact, since the beginning of the year, the Liaoning magnesia market has started to decline. The inventory is large, the demand is small, the price war has been playing, and the market is vicious. In order to prevent this phenomenon from getting worse, Liaoning Lingmei Mining Co., Ltd. held the 12th temporary shareholders meeting on July 12. The meeting finally confirmed that the magnesite ore will be suspended for a period of three months. From August 1, 2019 to October 31, 2019, during the stoppage period, the metering station stopped measuring, the platform stopped the sale of ore, and the city government and relevant departments recommended that the supply of related refractory materials be phased out.
The third quarter is the beginning and critical period of the complete shutdown of Haicheng magnesite, but the effect is very small. First, the inventory is full, the downstream demand is small, the consumption is slow, and the second is that only the Haicheng area controls the mining of magnesium ore, while the ore-bearing areas such as Dashiqiao, Dandong, Xiuyan and Liaoyang are normally mined, which greatly reduces the impact of the shutdown of Haicheng magnesite. From this perspective, in order to change the status quo of the magnesia market and achieve the desired results, it is necessary to play a game in the entire province, instead of simply controlling one city, in order to achieve effective management and control of resources.