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…
China Imports 3.84 mln t of Ni Laterite in May
22/06/22 | Nickel
Shanghai Nonferrous Metals News China imported 3.84 mln t of nickel laterite in May 2022, up by 54.73% m-o-m and up by 4.59% y-o-y. Nickle laterite supply from the Philippines, the largest supplier to China increased gradually in May, up by nearly 80% m-o-m but still showing a decline from…
Major W Producers Reduce Long-term Contract Prices
21/06/22 | Tungsten
China Commodity Marketplace Zhangyuan Tungsten released its long-term contract prices for the second-half of June, with wolframite concentrate (65% WO3) prices at RMB 106,000/t, scheelite concentrate prices at (65% WO3) at RMB 104,500/t, both down by RMB 1,500/t from the previous term. Zhangyuan also reduced its APT prices by RMB…
Domestic W Market Stagnates
17/06/22 | Tungsten
China Commodity Marketplace The domestic tungsten concentrate market appears stagnated with concentrate venders holding firm on prices and downstream buyers cautious. Mainstream wolframite concentrate (65% WO3) prices were stable at RMB 108,000~109,000/t, scheelite concentrate (65% WO3) prices were RMB 107,000~108,000/t and tungsten concentrate (50~55% WO3) prices were RMB 104,000~107,000/t. Domestic…
Ni Laterite Inventory at Chinese Ports Drops to Record Low
17/06/22 | Nickel
Shanghai Nonferrous Metals News As of 10th June, nickel laterite inventory at Chinese ports dropped to 4.87 mln t (WMT), equivalent to 38.2 kt in nickel metal, and a record low point. Industry commentators believe the extended rainy season in the Philippines has interrupted mining operations and consequently suppressed export…
Two Fugu Mg Smelters Running Maintenance
16/06/22 | Magnesium
Asian Metal News Yabo magnesium smelter in Fugu, Yulin suspended operations on 14th June to carry out a week of maintenance. The company expects 1.4 kt of magnesium ingot production in June 2022, a decrease of 400 t m-o-m from 1.8 kt in May. Designed with 23 ktpy of magnesium…
LoMo and Billions: 300 ktpy Additional TiO2 Pigment Capacity
14/06/22
Shanghai Nonferrous Metals News LoMo and Billions: The company has ample orders and holds stocks equal to 50% of its present average monthly production. Boosted by stronger demand on the export market, the company’s export business has been rising rapidly in 2022. The company has an additional 300 ktpy of…
Domestic Mg Prices Rebound
14/06/22 | Magnesium
Shanghai Nonferrous Metals News Propped by strong raw material prices, mainstream domestic magnesium prices rebounded rapidly to RMB 26,500/t on Monday. However, downstream buyers remained watchful with sparse transactions this week. With the supply/demand scenario remaining unchanged at present, industry commentators project domestic magnesium prices to be stable at the…
