Domestic Mg Prices Rebound
24/02/23 | Magnesium
Shanghai Nonferrous Metals News 23rd February: Domestic magnesium prices in Fugu Shaanxi have stopped falling and rebounded to RMB 21,200/t level, with some high-level quotes at RMB 21,500/t. The rapid rise in prices can be attributed to shrinking coal supply caused by safety checks at open-pit coal mines in Inner…
LoMo and Billions: 50 ktpy of Ti Sponge Capacity by end-2022
22/02/23
Shanghai Nonferrous Metals News LoMo and Billions Group had 50 ktpy of titanium sponge capacity by end-2022, capable of producing more than 4 kt of titian sponge per month, making it a leading producer. By end-2023, the company’s rotor-level sponge titanium technology upgrade project (Phase II, 15 ktpy) at Jinchang,…
Domestic Mg Prices Slide
22/02/23 | Magnesium
China Nonferrous Metals News As of 17th February, mainstream magnesium prices were being quoted at RMB 21,100~21,200/t ex-works by cash with taxes in Fugu Shaanxi, while mainstream transactions prices were RMB 21,000~21,100/t, down by RMB 700/t from a week ago, and down by RMB 1,000/t from the highest point after…
Domestic Mg Prices under Pressure
20/02/23 | Magnesium
Shanghai Nonferrous Metals News Domestic magnesium prices were under pressure last week led by falling raw material prices and relatively weak downstream demand. As of last Friday, mainstream magnesium prices fell by RMB 700/t w-o-w to RMB 21,000~21,100/t in Fugu, with numerous low-end quotations emerging on the market.
Domestic Mg Prices under Pressure
15/02/23 | Magnesium
Asian Metal News Mainstream magnesium prices dropped moderately by RMB 100/t from last Friday to RMB 21,600~21,900/t ex-works by cash this week, driven by weaker prices of coal and FeSi together with sluggish demand. A northern smelter sold 100 t of magnesium at RMB 21,800/t (ex-work by cash) last Tuesday…
China Mg Exports Slow
09/02/23 | Magnesium
Asian Metal News Mainstream magnesium export prices have been stable at USD 3,360~3,410/t FOB China with taxes or USD 3,330~3,380/t FOB China without taxes, holding stable from early this week. In view of weak demand on the global market and stagnating domestic magnesium prices, industry commentators forecast magnesium export prices…
Domestic Mg Transactions Slow
08/02/23 | Magnesium
Asian Metal News The domestic magnesium market appears flat with limited transactions this week, seeing prices at RMB 21,900~22,200/t ex-works by cash, holding stable w-o-w. Industry commentators forecast prices to keep stable at the current level next week with a moderate rebound in transactions. A northern smelter quoted at RMB…
Domestic W Prices on the Rise
08/02/23 | Tungsten
China Commodity Marketplace Ganzhou Tungsten Association published the guide prices for February 2023: Wolframite concentrate (55% WO3) prices at RMB 119,000/t, up by 5,000/t m-o-m APT prices at RMB 182,000/t, up by RMB 6,500/t m-o-m Tungsten powder (medium grain) prices at RMB 280/kg, up by RMB 5/kg m-o-m Zhangyuan Tungsten…
NBS: China Produces 95.22 kt of W Concentrate from Q1~Q3 2022
17/01/23 | Tungsten
China Nonferrous Metals News NBS: China produced 95.22 kt of tungsten concentrate (65% WO3) during the first three quarters of 2022, down by 7.05% y-o-y. The data from China Tungsten Association shows total tungsten concentrate production from the major 32 member companies was 57.5 kt (65% WO3) during the first…
