Shuntai Mg to Resume Production in September
13/09/22 | Magnesium
Asian Metal News Shuntai magnesium smelter at Baode, Xinzhou Shanxi is set to resume magnesium production on 16th September with daily production of 30 t and an expected total of 450 t in September. The company suspended operations on 20th July amid harsh summer heat and the smelter was idled…
Domestic Mg Prices Edges Down
06/09/22 | Magnesium
Asian Metal News Domestic magnesium prices edged down slightly by RMB 500/t from last Friday to RMB 24,500~25,000/t ex-works by cash led by lackluster demand and fierce price competition among smelters. Downstream buyers were cautious about replenishment, resulting in a flat market with few transactions. Industry commentators forecast domestic magnesium…
Domestic Mg Transactions Slow
01/09/22 | Magnesium
Asian Metal News 31st August: Rising COVID numbers and more stringent pandemic control policies have forced suspension of several coal mines in Shenmu and Fugu, propping coal prices to RMB 1,500/t, which is up by RMB 300/t from last week. In addition, slowing logistics and low levels of coal stocks…
Fugu Jinwantong Cuts Mg Production by 30%
31/08/22 | Magnesium
Asian Metal News Jinwantong Magnesium smelter in Fugu Shaanxi reduced daily production by 30% to approximately 68 t. The company produced 3 kt of magnesium in July and 2.9 kt in August 2022. Designed with 40 ktpy magnesium capacity, Jinwantong Magnesium produced 35 kt of magnesium in 2021 and 24.5…
Haotian Mg Smelter Curbs Operations
29/08/22 | Magnesium
Asian Metal News Haotian Magnesium smelter at Fugu Shaanxi curbed daily operations by 40% to 55 t on 25th August and expects 2.45 kt of production for the month, down from 2.7 kt from July. According to an inside source, rising COVID numbers and more stringent pandemic control policies have…
China Produces 545.1 kt of Primary Mg from January to July
25/08/22 | Magnesium
China Nonferrous Metals News Domestic magnesium prices have been hovering between RMB 23,000~26,000/t in July, with monthly average prices rising by 21.25% m-o-m to RMB 24,322/t. As of end-July, mainstream magnesium prices were being quoted at RMB 23,200~23,400/t in Shanxi, RMB 23,000~23,200/t in Ningxia and RMB 23,000~23,200/t in Shaanxi. China…
Domestic Mg Prices Edge up
16/08/22 | Magnesium
Asian Metal News Domestic magnesium prices have increased by RMB 1,100/t from last Friday to RMB 23,500~24,000/t this week driven by improving demand. Industry commentators forecast magnesium prices are set to rise further in view of ample new orders and smelters’ strong will to prop prices. A northern smelter sold…
Fugu Jinchuan Mg Maintenance
15/08/22 | Magnesium
Asian Metal News Fugu Jinchuan Magnesium curbed operations by 50% on 25th July with daily production at 30 t and started maintenance, a situation which is expected to last until mid-August. The company anticipates 900 t of magnesium production in August, down by 800 t from July. According to an…
Shenmu Xinqing Set to Resume Mg Production in Mid-August
12/08/22 | Magnesium
Asian Metal News Shenmu Xinqing Magnesium smelter suspended operations on 25th May 2022, pending environmental assessment approval from relevant authorities. The company remained idle and ran maintenance in June and July during the waiting period. Low prices and slow sales of semi-coke have also been weighing on operations. The company…
