Spot magnesium prices edge lower

Jan 07, 2013 | 03:44 PM | Suzy Waite

Tags  magnesium prices, automotive demand, magnesium contracts, Suzy Waite

NEW YORK — Spot magnesium prices have dipped slightly due to plentiful supply and weaker demand.

Spot magnesium prices now range from $2 to $2.25 per pound compared with $2.05 to $2.25 previously.

While there is no "excess material in the market, there’s not a shortage either," one consumer source said.

"If you talk to the producers they say they don’t have any extra material, but then suddenly a week later they have another thousand tonnes," he said. "I just think producers are running very efficiently." ....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results