NPI Smelter Restarts Operations in Shandong
17/02/22 | Nickel
Fubao News An integrated stainless-steel and NPI smelter restarted operations in Shandong on 15th February 2022, after receiving a resumption notice from local authorities. The smelter had been suspended for a week, affecting 1.2 kt of NPI production (in Ni metal). It chiefly produces mid-high NPI.
China Produced 32.4 kt of NPI in January 2022
15/02/22 | Nickel
Shanghai Nonferrous Metals News China produced 32.4 kt of NPI in January 2022, down by 2.4% m-o-m and down by 16.09% y-o-y. The decline can be attributed to reduced operations of Shandong NPI smelters under environmental pressures and falling demand from integrated stainless steel mills prior to the Chinese New…
Zhangyuan Raises W Prices
14/02/22 | Tungsten
Shanghai Nonferrous Metals News Zhangyuan Tungsten raised its long-term contract prices for the last two weeks of February, increasing wolframite concentrate prices (WO3 >55% ) by 1,500/t to RMB115,000/t and scheelite concentrate prices (WO3>55%) to RMB 113,500/t. It also lifted its APT prices by RMB 2,500/t from the previous term…
Post-holiday W Prices Stay Firm
10/02/22 | Tungsten
China Commodity Marketplace The post-holiday tungsten concentrate market remains firm, seeing mainstream wolframite concentrate (65% WO3) prices rising to RMB 117,000~119,000/t, scheelite concentrate (65% WO3) prices up to RMB 116,000~118,000/t and tungsten concentrate (55% WO3) up to RMB 114,000~116,000/t. Domestic APT prices have been on the rise this week, seeing…
Domestic Mg Price on the Rise
10/02/22 | Magnesium
Asian Metal News Domestic magnesium prices increased slightly this week as downstream buyers returned to the market after the Chinese New Year holiday. Mainstream magnesium prices currently stand at RMB 42,500~43,000/t today, holding stable form Monday. Some smelters have tentatively raised their quotes, driven by concerns about whether existing semi-coke…
MIIT: First Batch of Production Quotas for REs
07/02/22 | Tungsten
SMM News 7 February 2022: MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth quotas for 2022. The 2022 first round of rare earths mining quotas are 100.8 kt and the smelting quotas are 97.2 kt, both up by 20% from the figures of 84…
China’s NPI Production Drops in 2021
28/01/22 | Nickel
Shanghai Nonferrous Metals News China produced 33.54 kt (in Ni metal) of NPI in December 2021, up by 8.06% m-o-m; China’s total NPI production reached 408.7 kt (in Ni metal) from January to December 2021, down by 18.8% y-o-y but in line with industrial expectations for the year. Looking forward…
Domestic Mg Prices Continue on the Decline
27/01/22 | Magnesium
Shanghai Nonferrous Metals News 26th January 2022: Mainstream domestic magnesium transaction prices stood at RMB 41,000/t, dropping slightly w-o-w. Downstream demand appeared lackluster before the holiday, seeing current orders mainly for the post-holiday futures market with prices approaching RMB 40,000/t.
Domestic Mg Prices Rebound Slightly
24/01/22 | Magnesium
China Nonferrous Metals News Buoyed by restocking needs prior to the Chinese New Year, domestic magnesium prices picked up slightly last week. As of 21st January, mainstream magnesium prices were being quoted at RMB 44,000~45,000/t ex-works with taxes in Fugu Shaanxi, with some transactions settling at RMB 44,000/t, up by…
