Domestic Mg Prices Rebound
20/10/22 | Magnesium
Asian Metal News Domestic magnesium prices rose by RMB 200/t from last Wednesday to RMB 24,800~25,100/t on 20th October, after the announcement from the local authority of Fugu Shaanxi regarding a 50% capacity cut of 432 local semi-coke furnaces which have sole-furnace capacity of less than 75 ktpy. In anticipation…
Domestic Mg Prices Trend Down Slightly
18/10/22 | Magnesium
Asian Metal News The domestic magnesium market has been flat recently with slowing transactions and declining prices. Mainstream transaction prices dropped by RMB 100/t from last Friday to RMB 24,800~25,100/t today with smelters having to compromise on prices to facilitate sales. In view of continuing sluggish demand and smelters’ increasing…
Domestic Mg Prices Stable
17/10/22 | Magnesium
Asian Metal News Mainstream magnesium prices currently stand stable at RMB 24,900~25,200/t, up by RMB 200/t from last Friday following increased FeSi prices and smelters’ strong will to prop prices. In anticipation of strong raw material prices and relatively stable demand, industry commentators forecast domestic magnesium prices to continue firm…
China September Mg Production: 81.6 kt
17/10/22 | Magnesium
Shanghai Nonferrous Metals News China produced 81.6 kt of primary aluminium in September 2022, up by 10.57% m-o-m and up by 62.07% y-o-y. China’s total magnesium production during the first nine months of 2022 reached 728.8 kt, up by 28.15% y-o-y. SMM data shows that monthly magnesium production in September…
Domestic Mg Prices Climb
13/10/22 | Magnesium
Asian Metal News Domestic magnesium prices climbed slightly this week to RMB 24,9000~25,200/t ex-work by cash and up slightly by RMB 200/t from last Friday driven by rising coal prices, slower logistics of FeSi in IM caused by increasing COVID numbers and steady demand after the holiday. Industry commentators forecast…
Shanxi New Energy Mg Resumes Operations
28/09/22 | Magnesium
Asian Metal News Shanxi New Energy Magnesium smelter suspended operations for maintenance in early September and restarted operations on 27th September. The company intends to produce 20 t of magnesium per day with total September output at 200 t, down by 400 t m-o-m. Designed with 15 ktpy magnesium smelting…
Ningxia Taiyang Mg Increases Production
22/09/22 | Magnesium
Asian Metal News Ningxia Taiyang Magnesium completed maintenance on one of its production lines, and resumed normal operation on 16th September, increasing its daily production from 85 t to 110 t. The company produced 2.5 kt of magnesium in August and intends to produce 2.9 kt in September and 3.3…
Domestic Mg Transactions Slow
20/09/22 | Magnesium
Asian Metal News Domestic magnesium transactions have been slow recently, with current primary magnesium prices sitting at RMB 24,300~24,800/t ex-works, continuing stable from last Friday. Some vendors are willing to compromise on prices to facilitate sales, and, given fierce price competition among vendors, prices are expected to trend down further…
Yunhai Metals: 100% Self-Consumption of Primary Mg
14/09/22 | Magnesium
Shanghai Nonferrous Metals News Yunhai Metals: According to an announcement from Yunhai Metals; “100% of primary magnesium that we produced is used internally for magnesium alloy production by the company. We currently have some initial R&D works underway on magnesium hydrogen storage batteries; but have no plans for magnesium secondary…
