Long-term Contract W Prices on the Rise
11/01/23 | Tungsten
Shanghai Nonferrous Metals News Continuing the upward trend of tungsten prices seen since December 2022, several large tungsten producers increased their long-term contract prices for the first two weeks of January 2023. Zhangyuan Tungsten raised wolframite concentrate and scheelite concentrate prices ((WO3≥55%) by RMB 3,000/t to RMB 115,000/t and RMB…
Domestic Mg Prices Edge up Slightly
11/01/23 | Magnesium
Asian Metal News Mainstream magnesium prices have risen slightly by RMB 100/t from last Friday and are up by RMB 300/t from last Monday to RMB 21,800~22,100/t ex-works by cash this Tuesday. In view of smelters’ strong will to prop prices, domestic magnesium prices are likely to trend up slightly…
Domestic Mg Prices Stable at Low-end
23/12/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices were stable at RMB 21,400~21,700/t this week, led by lackluster demand. A northern magnesium smelter sold 62 t of magnesium at RMB 21,500/t on Monday and sold an additional 100 t at the same price today. It turned down an offer from a…
Zhangyuan W Raises Long-term Contract Prices for December
21/12/22 | Tungsten
Shanghai Nonferrous Metals News Zhangyuan Tungsten has increased its long-term contract prices for the last two weeks of December 2022 to RMB 112,000/t for wolframite concentrates and RMB 110,500/t for scheelite concentrates (WO3≥55%) and RMB 172,000/t for APT, all up by RMB 3,500/t from the previous term. SMM forecast domestic…
Fugu Taida Mg Resumes Operation
20/12/22 | Magnesium
Asian Metal News Fugu Taida magnesium smelter resumed operations on 12th December with daily production at 90 t after the COVID-Zero policy lifted in Shaanxi. According to an internal source, “We cut our daily production to 50 t per day in late November led by production costs exceeding prices as…
Fugu Jinchuan Mg Resumes Operation
16/12/22 | Magnesium
Asian Metal News Fugu Jinchuan magnesium smelter resumed operations on 12th December, with daily production at approximately 50 t and monthly production at 900 t during December. According to an inside source: “We suspended operations on 3rd December led by production costs higher than prices, weak prices and slow sales…
Domestic Mg Prices Slide
13/12/22 | Magnesium
Asian Metal News Mainstream magnesium prices fell by RMB 100/t from last Friday to RMB 22,000~22,300/t today, in view of excessive supply and continued lackluster demand. In light of this, industry commentators forecast domestic magnesium prices to remain at low levels this week. A northern smelter made a tentative quote…
China November Mg Production: 75 kt
12/12/22 | Magnesium
Shanghai Nonferrous Metals News China produced 75 kt of magnesium ingot in November 2022, down by 5% m-o-m and up by 14% y-o-y; China’s total magnesium production reached 881 kt, up by 27% y-o-y. Domestic magnesium prices fell in November amid weaker than expected demand. Mainstream magnesium prices in Fugu…
Domestic Mg Prices Steady at RMB 22,000/t
07/12/22 | Magnesium
Asian Metal News Domestic magnesium prices stopped falling and held at RMB 22,000~22,300/t on Tuesday, remaining stable from last Friday driven by production cuts of several Shaanxi smelters and improved interest in restocking from buyers. A northern magnesium smelter sold 62 tonnes of magnesium ingot at RMB 22,000/t today and…
