Two Mg Smelters in Shenmu Shaanxi Start Maintenance
07/09/23 | Magnesium
Asian Metal News Shenmu Xinqing Magnesium started maintenance on 1st September 2023 and is set to resume operations on 21st September. The company produced 1.6 kt of magnesium in August 2023 and expects 0.6 kt production in September. Meanwhile, Shenmu Dingtai Magnesium started maintenance on 1st September and is set…
Ganzhou W Association Forecast September Prices
06/09/23 | Tungsten
Shanghai Nonferrous Metals News Ganzhou Tungsten Association published the forecast prices for September, with wolframite concentrate (55% WO3) at RMB 118,500/t, APT at RMB 180,500/t, tungsten powder (medium grain) at RMB 276/kg, describing increases of RMB 1,500/t, RMB 3,000/t and RMB 2/kg respectively m-o-m. Zhangyuan Tungsten published the long-term contract…
Domestic Mg Prices on the Rise
06/09/23 | Magnesium
Asian Metal News Domestic magnesium prices rose by RMB 300/t from last Friday and up by RMB 200/t on Monday to RMB 23,000~23,300/t on Wednesday, buoyed by vendors’ strong will to shore prices and on increased transactions. A northern smelter sold 31 t of magnesium at RMB 22,800/t on Monday…
Domestic Mg Prices Stop Falling and Stable at RMB 22,500/t
01/09/23 | Magnesium
Asian Metal News Magnesium transactions have risen moderately since Wednesday, seeing domestic magnesium prices stop falling and stabilize at RMB 22,500~22,800/t ex-works by cash. A northern smelter sold 150 t of magnesium at RMB 22,500/t on Wednesday and increased the offer to RMB 22,600/t afterwards, noting overall market transactions were…
Domestic High-NPI Production Down Slightly in August
31/08/23 | Nickel
Shanghai Nonferrous Metals News Domestic high-NPI production slid slightly in August due to higher production costs in light of increased nickel laterite prices from Indonesia, seeing domestic high-NPI (8~12 % Ni) prices lift to RMB 1,175/Ni unit. However, downstream demand from stainless steel smelters was relatively weak, which is likely…
Mg Prices to Remain Stable at RMB 22,700/t Level
29/08/23
China Nonferrous Metals News Domestic magnesium prices soared rapidly to RMB 23,000/t level last Wednesday, however prices have been under pressure since Thursday as tepid demand failed to prop prices at the high-end. As of Friday, mainstream magnesium prices in Fugu Shaanxi were being quoted at RMB 22,700~22,800/t with transaction…
Indonesian Ni Laterite and NPI Prices Up
28/08/23
Shanghai Nonferrous Metals News Nickel laterite prices in Indonesia have risen rapidly by approximately 10% in the past few weeks with the ongoing investigation into illegal mining started in June interrupting mining operations. Buoyed by rising nickel laterite prices, high-NPI prices in Indonesia rose to RMB 1,175/nickel unit (USD 161/nickel…
Domestic Mg Transactions Slow since Wednesday
25/08/23 | Magnesium
Asian Metal News 24th August: Domestic magnesium prices fell slightly by RMB 100/t from Monday to RMB 22,700~23,000/t but transactions have been slow since Wednesday as most buyers finished restocking early this week. Industry commentators forecast domestic magnesium prices will continue stable at low levels next week. A northern smelter…
CAAM: New Car Production & Sales Drop in July
14/08/23 | EV
CAAM News CAAM (China Association of Automobile Manufacturers): China produced 2.4 mln new cars and sold 2.39, down by 6.2% and 9% m-o-m and down by 2.2% and 1.4% y-o-y respectively. During the first seven months of 2023, China’s car production and sales were 15.65 mln and 15.63 mln, up…
