Fugu Taida Coal Chemicals Suspends Mg Production
13/07/22 | Magnesium
Asian Metal News Fugu Taida Coal Chemicals suspended magnesium production for maintenance from 15th July to 31st July. The company produced 2.8 kt of magnesium in June with its July production expected at 1.4 kt. Designed with 35 ktpy primary magnesium capacity, the company produced 32.5 kt of magnesium in…
Domestic Mg Prices under Pressure
07/07/22 | Magnesium
China Nonferrous Metals News 1st July: Mainstream domestic magnesium prices in Fugu Shaanxi dropped to RMB 24,700~24,800/t ex-work with taxes by cash and prices in Wenxi Shanxi fell by RMB 300/t w-o-w to less than RMB 25,000/t. Most domestic magnesium smelters are operating close to their breakeven levels and are…
W: Guide Prices up, Long-term Contract Prices down for July
06/07/22 | Tungsten
China Commodity Market Place Ganzhou Tungsten Association published the guide prices for July 2022, with wolframite concentrate (55% WO3) prices at RMB 107,000/t, APT prices at RMB 167,000/t and tungsten powder (medium grain) at RMB 258/kt, down by RMB 500/t, RMB 1,000/t and RMB 2/kg from June respectively. Jiangxi Zhangyuan…
Shuntai Mg Smelter Suspends Operation
05/07/22 | Magnesium
Asian Metal News Shuntai magnesium smelter in Debao Shaanxi is set to suspend operations for maintenance for two weeks, starting from 20th July to 5th August 2022. The company produced 1.2 kt of magnesium in June and expects 800 t of magnesium production in July. It is reported that an…
Domestic Mg Prices Remain Weak
01/07/22 | Magnesium
Asian Metal News The domestic magnesium market remained flat this week led by sluggish demand from titanium sponge producers. Mainstream magnesium prices fell to RMB 27,200~27,500/t (99.95% grade) today, down by RMB 600/t from last Monday. A magnesium smelter in northern China reduced its quotes to RMB 27,200/t this week…
Domestic W Prices Rebound Slightly
28/06/22 | Tungsten
Shanghai Nonferrous Metals News At the beginning of the week, wolframite concentrate (55% WO3) prices in Jiangxi were being quoted RMB 106,000~107,000/t, and APT prices were RMB 167,000~168,000/t in Jiangxi. Most buyers were cautious and no transactions were concluded. Backed by strong production costs and shrinking supply caused by continuing…
Domestic Mg Prices Stable at the Low End
28/06/22 | Magnesium
China Nonferrous Metals News 24th June: Mainstream primary magnesium was being quoted at RMB 25,500/t (ex-work, with taxes), with some transactions closing at RMB 25,200/t, holding stable w-o-w. Magnesium prices in other producing regions also remained stable. Industry commentators forecast magnesium prices to be under pressure over the short term…
China Produced 394.9 kt of Mg from January to May 2022
24/06/22 | Magnesium
China Nonferrous Metals News CNIA: China produced 394.9 kt of magnesium during the first five months of 2022, of the total, 245.1 were from Shaanxi and 86.5 kt were from Shanxi. Shaanxi produced 43.6 kt of magnesium in May, down by 14.84% m-o-m and Shanxi’s May production were 17.9 kt,…
China’s Mg Export Prices Stable
23/06/22 | Magnesium
Asian Metal News Mainstream magnesium export prices have been stable at USD 3,970~4,070/t FOB China (with taxes) or USD 3,800~3,900/t FOB China (without taxes) this week, keeping stable from last Friday. However, transactions were scarce, led by weakening global demand. Domestic smelters were firm on prices and industry commentators project…
