Guangdong Xianglu Raises W Long-term Contract Prices
12/08/22 | Tungsten
China Nonferrous Metals News Guangdong Xianglu published its long-term procurement contract prices for the first two weeks of August this week, increasing its wolframite concentrate (55% WO3) prices to RMB 114,000/t, scheelite concentrate prices (55% WO3) prices to 113,000/t, both up by RMB 4,500/t from end-July. The company raised its…
Domestic Mg Prices Remain Weak in August
11/08/22 | Magnesium
China Nonferrous Metals News As of 3rd August, mainstream magnesium ingot prices fell by RMB 300/t from 29th July to RMB 22,500~22,600/t by cash (ex-work with taxes) at Fugu Shaanxi. Prices in other major producing regions followed the trend and slid slightly. Looking forward in August, orders from downstream producers…
Xinjiang Tengxiang Mg Cuts Operations
10/08/22 | Magnesium
Asian Metal News Xinjiang Tengxiang Magnesium smelter cut operations by 45% with daily output of 25 t in late July, a situation which is expected to last until end-August. According to an inside source, the company has been buckling under slowing sales and low semi-coke prices as well as soaring…
Fugu Yide Mg Suspends Operation
08/08/22 | Magnesium
Asian Metal News 8th August: Fugu Yide Magnesium suspended smelting last Friday, and is set to resume operation on 25th August 2022. According to an inside source, “Stagnating sales, continued low prices of semi-coke together with the harsh summer heat interrupting operations, has resulted in the domestic magnesium market remaining…
Domestic W Prices Edge up
04/08/22 | Tungsten
China Commodity Marketplace Domestic tungsten prices have been on rise this week, with mainstream wolframite concentrate (65% WO3) prices being quoted at RMB 113,000~115,000/t, sheelite concentrate (65% WO3) at RMB 112,000~114,000/t and tungsten concentrate (55% WO3) at RMB 110,000~112,000/t. Downstream buyers remain cautious about high-level quotes but concentrate vendors’ strong…
Domestic Mg Prices Continue to Fall
04/08/22 | Magnesium
China Nonferrous Metals News 29th July: The mainstream magnesium ingot price was being quoted at RMB 22,900~23,000/t with mainstream transaction prices at RMB 22,800/t, down by RMB 200/t w-o-w. Weaker demand and continued low prices have been weighing on smelters, forcing some close to breakeven level and some in loss.…
Fugu Fangzheng & IM Huihao Mg Cut Operations
03/08/22 | Magnesium
Asian Metal News Fugu Fangzheng Magnesium smelter in Shaanxi curbed operations by 30% in late July amid weaker demand, falling sales and low prices of semi-coke. The company has no plan to resume normal operations until late August. Designed with 25 ktpy capacity, Fugu Fangzheng produced 21 kt of magnesium…
Fugu Yihe Suspends Mg Production
02/08/22 | Magnesium
Asian Metal News 2nd August: Fugu Yihe Magnesium suspended magnesium production and began regular maintenance on 1st August, the situation is expected to last to late October 2022. According to an inside source, “Stagnating sales, continued low prices of semi-coke together with harsh summer heat interrupting operations, has resulted in…
Domestic W Prices Edge up Slightly
29/07/22 | Tungsten
China Commodity Market Place This week, domestic concentrate vendors have been firm on prices, with mainstream wolframite concentrate (65% WO3) prices being quoted at RMB 111,000~113,000/t, sheelite concentrate (65% WO3) at RMB 110,000~112,000/t and tungsten concentrate (55% WO3) at RMB 108,000~111,000/t. Given the limited supply of tungsten concentrates on the…
