China W High-Tech: Net Profits of RMB 399 mln from Q1~Q3 2022
07/11/22 | Tungsten
Sina Finance News China Tungsten High-Tech: The net profit attributable to the parent company in Q3 2022 was RMB168 mln, down by 17.94% y-o-y. In the first three quarters of 2022, the Company achieved revenues of RMB 9.97 bln, up by 2.91% y-o-y. Net profit attributable to shareholders of the…
Domestic Mg Transactions Increase on Falling Prices
04/11/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell by RMB 400/t from last week to RMB 24,100~24,400/t, resulting in increased transactions this week. Given weaker prices and strong production costs, domestic smelters have tended to halt fierce price competition and hold their prices steady. Industry commentators forecast domestic magnesium prices…
Mg Prices Edge Down Further
01/11/22 | Magnesium
Asian Metal News 1st November: Mainstream domestic magnesium prices slid further by RMB 100/t from last Friday to RMB 24,400~24,700/t led by increasing sales intentions of smelters, but transactions were sparse. Some smelters are keen to sell and will comprise on prices to facilitate sales, however, buyers remain cautious given…
Zhangyuan Tungsten: Q1~Q3 Net Profits Soar by 91%
31/10/22 | Tungsten
Sina News Zhangyuan Tungsten achieved an operating income of RMB 830.57 mln in Q3 2022, up 6.18% y-o-y; however, the net profit attributable to the parent company was RMB 36.15 mln, down 35.54% y-o-y. In the first three quarters of 2022, Zhangyuan Tungsten achieved an operating income of 2.51 bln…
China Imports 645 kt of NPI in September
26/10/22 | Nickel
Shanghai Nonferrous Metals News China Customs: China imported 645.88 kt (actual tonnage) of NPI in September 2022, up by 3.29% m-o-m and up by 121.76% y-o-y. Indonesia is the largest NPI supplier to China, with 606.76 kt of exports, up by 4.13% m-o-m and up by 149.13% y-o-y.
Domestic Mg Transaction Slows
25/10/22 | Magnesium
Asian Metal News Mainstream magnesium prices held stable from last Friday at RMB 25,200~25,400/t, but after a busy trading period last week, transactions fell rapidly this week. Domestic smelters are considering lower offer prices to facilitate sales. In view of easing concerns on supply shortages driven by semi-coke furnace retrofitting,…
Ni Laterite Prices Rise Slightly on Tighter Supply
24/10/22 | Nickel
Shanghai Nonferrous Metals News 21st October: Nickel laterite inventories at Chinese ports rose by 328 kt w-o-w to 8.26 mln t (WMT), converting to 65 kt of nickel metal. Nickel laterite inventories at China’s major seven ports rose by 118 kt to 4.47 mln t (WMT) this week. Nickel laterite…
Shaanxi Weitian Tengda Suspends Mg Production
21/10/22 | Magnesium
Asian Metal News Shaanxi Weitian Tengda Magnesium suspended operation on 12th October and intends to resume in late October. After suspending operation, Shaanxi Weitian Tengda started maintenance in the wake of shrinking coke gas supply, weakening demand and falling prices after the National Day holiday. The company is set to…
Domestic Mg Prices Rebound
20/10/22 | Magnesium
Asian Metal News Domestic magnesium prices rose by RMB 200/t from last Wednesday to RMB 24,800~25,100/t on 20th October, after the announcement from the local authority of Fugu Shaanxi regarding a 50% capacity cut of 432 local semi-coke furnaces which have sole-furnace capacity of less than 75 ktpy. In anticipation…
