China Mg Exports Drop by 26%
30/06/20 | Magnesium
China Nonferrous Metals News China exported 16.13 kt of primary magnesium in May, down 26% m-o-m and down 17% y-o-y. The average export price of primary magnesium was USD2,192/t, down 2.8% m-o-m and down 12% y-o-y. China’s magnesium exports in the first five months of 2020 totaled 102.6 kt, up…
NPI Supply to Increase by end-Q3 2020
24/06/20 | Nickel
Shanghai Nonferrous Metals News China’s total 2020 nickel laterite imports are likely to plummet as a result of Indonesia’s ban on raw ore exports and falling exports from the Philippines due to the impact of the Covid-19 pandemic. However, with an increasing number of NPI smelters coming online in Indonesia,…
Domestic W Market Stable at Low Levels
23/06/20 | Tungsten
China Commodity Marketplace Domestic tungsten market remained stagnated this week seeing concentrate holders holding firm on price and downstream buyers continue to be cautious driven by continued weak downstream demand. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB80,000~81,000/standard t; scheelite (65% WO3 grade) at RMB79,000~80,000/standard t and…
NDRC: Resolution of Excess Capacity of Thermal Power in 2020
19/06/20
China Mining News NDRC published the ‘Key Points of Resolving Excess Capacity of Thermal Power 2020’ and underline that: Installed thermal power capacity in China must be contained under 1.1 billion kilowatts by end-2020 Thermal power generators on the ‘to be eliminated list’ must be dismantled by end-2020, except for…
Domestic W Market Stable at Low Level
19/06/20 | Tungsten
China Commodity Marketplace The domestic tungsten market remains stable, with tungsten concentrate producers holding firm on prices and few low-price transactions. Mainstream wolframite prices are RMB80,000~82,000/t (65% WO3), scheelite prices are RMB79,000~81,000/t (65% WO3) and tungsten concentrate prices are at RMB77,000~79,000/t (50~55% WO3). Downstream buyers are only restocking for existing…
Domestic Mg Prices Stable
17/06/20 | Magnesium
China Nonferrous Metals News 12th June, SMM: Domestic magnesium prices remained stable this week. Mainstream magnesium transaction prices were RMB13,050~13,100/t in Fugu Shaanxi, RMB13,200/t in Taiyuan Shanxi and RMB13,300~13,400/t in Wenxi Shanxi, the same as the pervious term. Looking forward, domestic magnesium output is likely to drop as a consequence…
Domestic W Market Edges Down Slightly
15/06/20 | Tungsten
China Commodity Market Place Domestic tungsten miners were unwilling to cut their sales prices this week, seeing prices stable at RMB80,000/t and transactions stalled. At present, mainstream wolframite prices are RMB80,000~82,000/t (65% WO3), scheelite prices are RMB79,000~81,000/t (65% WO3) and tungsten concentrate prices at RMB77,000~79,000/t. The domestic APT market continues…
Linyi Yichen : 500 ktpy Ni and Cr Alloy Project
15/06/20 | Nickel
Shanghai Nonferrous Metals News Linyi Yichen’s 500 ktpy nickel and chromium alloy project is listed as the key construction project of Junan County, Shandong. It is an expansion project located in the Lin’gang Development Zone, comprising 16 nickel and chromium alloy production lines, associated workshops and other support systems. Source
SMM: China Domestic NPI Output 442 kt in May
10/06/20 | Nickel
Shanghai Nonferrous Metals News China produced 44.2 kt of NPI (in Ni metal) in May 2020, up by 15.15% m-o-m, showing the first monthly growth after declining over five consecutive months since November 2019. China’s high NPI output grew by 17.92% m-o-m to 36.9 kt (in Ni metal) and low…
