Domestic Mg Prices Remain Weak in August
11/08/22 | Magnesium
China Nonferrous Metals News As of 3rd August, mainstream magnesium ingot prices fell by RMB 300/t from 29th July to RMB 22,500~22,600/t by cash (ex-work with taxes) at Fugu Shaanxi. Prices in other major producing regions followed the trend and slid slightly. Looking forward in August, orders from downstream producers…
Xinjiang Tengxiang Mg Cuts Operations
10/08/22 | Magnesium
Asian Metal News Xinjiang Tengxiang Magnesium smelter cut operations by 45% with daily output of 25 t in late July, a situation which is expected to last until end-August. According to an inside source, the company has been buckling under slowing sales and low semi-coke prices as well as soaring…
Fugu Yide Mg Suspends Operation
08/08/22 | Magnesium
Asian Metal News 8th August: Fugu Yide Magnesium suspended smelting last Friday, and is set to resume operation on 25th August 2022. According to an inside source, “Stagnating sales, continued low prices of semi-coke together with the harsh summer heat interrupting operations, has resulted in the domestic magnesium market remaining…
Domestic Mg Prices Continue to Fall
04/08/22 | Magnesium
China Nonferrous Metals News 29th July: The mainstream magnesium ingot price was being quoted at RMB 22,900~23,000/t with mainstream transaction prices at RMB 22,800/t, down by RMB 200/t w-o-w. Weaker demand and continued low prices have been weighing on smelters, forcing some close to breakeven level and some in loss.…
Fugu Fangzheng & IM Huihao Mg Cut Operations
03/08/22 | Magnesium
Asian Metal News Fugu Fangzheng Magnesium smelter in Shaanxi curbed operations by 30% in late July amid weaker demand, falling sales and low prices of semi-coke. The company has no plan to resume normal operations until late August. Designed with 25 ktpy capacity, Fugu Fangzheng produced 21 kt of magnesium…
Fugu Yihe Suspends Mg Production
02/08/22 | Magnesium
Asian Metal News 2nd August: Fugu Yihe Magnesium suspended magnesium production and began regular maintenance on 1st August, the situation is expected to last to late October 2022. According to an inside source, “Stagnating sales, continued low prices of semi-coke together with harsh summer heat interrupting operations, has resulted in…
Two Fugu Mg Smelters Cut Operations
29/07/22 | Magnesium
Asian Metal News 29th July: Fugu Wenzhongfeng Magnesium curbed operations by 40% and started maintenance in early July, a situation which is expected to last until mid-August. The company anticipates 500 t of magnesium production in July, down by 300 t from June. According to an inside source, the company…
Shaanxi Sanxin Suspends Mg Production
27/07/22 | Magnesium
Asian Metal News Shaanxi Sanxin suspended magnesium smelting and started maintenance on 23rd July. The company will run maintenance for one week and resume operation in early August.The company is likely to extend the maintenance plan amid weaker demand, slow sales, high production of semi-coke and weak magnesium prices. Designed…
Fugu Shengxin Mg Suspends Operation
25/07/22 | Magnesium
Asian Metal News Fugu Shengxin magnesium smelter suspended operation in early July amid harsh summer heat, falling prices and sluggish demand. The company is set to resume operations in mid-August 2022, with daily production estimated at 40 t. The company produced 200 t of magnesium in July, down from 1.2…
