2023 Q1 Report for Two W Producers
28/04/23 | Tungsten
Zhangyuan W and XTC News 24th April, Zhangyuan Tungsten: Zhangyuan Tungsten achieved operating revenues of approximately RMB 823 mln in Q1 2023, down by 5.75% y-o-y. The rapid decline can be attributed to weaker demand, shrinking sales and falling gross profit margins during the reporting period y-o-y. 24th April, XTC:…
Mg Transactions Slow since Wednesday
27/04/23 | Magnesium
Asian Metal News Mainstream magnesium prices lifted by nearly RMB 1,500/t on Monday to RMB 23,500~23,800/t Wednesday. Most buyers tried to complete restocking this week before the Labor Day holiday, but transactions have begun to slow since Wednesday. A northern smelter sold 100 t of magnesium at RMB 23,500/t on…
138.3 kt of Mg Production at Yulin, Shaanxi
27/04/23 | Magnesium
Shanghai Nonferrous Metals News Yulin Shaanxi had a stable beginning to 2023, with Q1 2023 production of primary aluminium at 155.4 kt, primary aluminium at 138.3 kt, polycrystalline silicon at 4.52 kt, ferroalloy at 324 kt and semi-coke at 8.29 mln t.
Domestic Mg Prices Fall
25/04/23 | Magnesium
China Nonferrous Metals News After a price hike led by news of suspensions of semi-coke furnaces two weeks ago, domestic magnesium prices dropped rapidly to RMB 25,000~27,000/t in Fugu Shaanxi last week. This represents a sharp fall of RMB 3,000~5000/t from the high point, however no actual implementation was carried…
Tin Ore Imports Rise to 21.93 kt in March
24/04/23 | Tin
Shanghai Nonferrous Metals News China imported 21.93 kt of tin ore in March 2023, up slightly m-o-m, but showing a decline y-o-y. Burma, the largest tin ore supplier to China, exported 16.79 kt to China during the month. An announcement regarding suspension of tin ore mining at Wa State Burma…
Domestic Mg Prices on the Decline
21/04/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell sharply by RMB 1,000/t from last Friday and have been lingering around RMB 26,500~26,800/t this week led by slowing procurement activities and fierce price competition among smelters. Buyers have been cautious with few transactions this week, and in view of weakening demand…
MNR: 2023 First Batch of Production Quotas of W at 63 kt
17/04/23 | Tungsten
SMM News The MNR (Ministry of National Resources) recently published its first batch of tungsten quotas for 2023. The 2023 first round of tungsten mining quotas is 63 kt (converted to 65% WO3), and quotas have been assigned to Jiangxi (23.67 kt), Hunan (15.53 kt), and Henan (7.05 kt), accounting…
China APT Production at 11.7 kt in March
13/04/23 | Tungsten
Shanghai Nonferrous Metals News China produced 11.7 kt of APT in March 2023, up by 6% m-o-m. The rise in production can be attributed to APT smelters returning to normal operations, focusing on delivery of long-term contracts. Domestic APT prices on the spot market slid slightly in March led by…
China Mg Production at 66 kt in March
13/04/23 | Magnesium
Shanghai Nonferrous Metals News China produced 66 kt of magnesium in March 2023, down by 3.8% m-o-m and down by 24% y-o-y. During Q1 2023, China produced 199 kt of magnesium, a sharp fall of 21% y-o-y. Domestic magnesium prices continued to be weak during March driven by sluggish demand,…
