Newest report released by National Development and Reform Commission of China(NDRC) on March 6 evening pointed four main factors of the short-term surge in Chinese iron ore prices.

[Ferro-Alloys.com] China Mg cored wire market kept stable at the beginning of this month. At present, Mg cored wire Mg97 price was RMB18,300-18,500/mt(ex-work) in the northern part of China, and Mg99.8-99.9 was offered at RMB19,400-19,600/mt.