Domestic Mg Prices Continue to Fall
22/07/22 | Magnesium
Asian Metal News Domestic magnesium prices fell further by RMB 300/t from Monday and RMB 600/t w-o-w to RMB 23,600~24,000/t on Friday led by continued sluggish demand, fierce price competition and weaker FeSi prices during the week. A northern magnesium smelter sold 100 t of magnesium at RMB 24,000/t early…
CNIA: China Produces 474.1 kt of Mg in H1 2022
19/07/22 | Magnesium
China Nonferrous Metals News CNIA: China produced 474.1 kt of primary magnesium in H1 2022. Magnesium production in Shaanxi was 50 kt in June, up by 14.68% m-o-m and 295.1 kt in H1 2022. In Shanxi, magnesium production was 17.3 kt in June, down by 3.36% m-o-m and 103.8 kt…
Mg Exports Slow
15/07/22 | Magnesium
Asian Metals News 14th July: China’s magnesium exports slowed during the slack season, seeing prices fall to USD 3,770~3,840/t FOB China with taxes or USD 3,600~3,650/t FOB China without taxes, down by USD 20/t from last Thursday. One northern magnesium trader reported no deals this week, the last being a…
Fugu Taida Coal Chemicals Suspends Mg Production
13/07/22 | Magnesium
Asian Metal News Fugu Taida Coal Chemicals suspended magnesium production for maintenance from 15th July to 31st July. The company produced 2.8 kt of magnesium in June with its July production expected at 1.4 kt. Designed with 35 ktpy primary magnesium capacity, the company produced 32.5 kt of magnesium in…
Domestic Mg Prices under Pressure
07/07/22 | Magnesium
China Nonferrous Metals News 1st July: Mainstream domestic magnesium prices in Fugu Shaanxi dropped to RMB 24,700~24,800/t ex-work with taxes by cash and prices in Wenxi Shanxi fell by RMB 300/t w-o-w to less than RMB 25,000/t. Most domestic magnesium smelters are operating close to their breakeven levels and are…
Shuntai Mg Smelter Suspends Operation
05/07/22 | Magnesium
Asian Metal News Shuntai magnesium smelter in Debao Shaanxi is set to suspend operations for maintenance for two weeks, starting from 20th July to 5th August 2022. The company produced 1.2 kt of magnesium in June and expects 800 t of magnesium production in July. It is reported that an…
Domestic Mg Prices Remain Weak
01/07/22 | Magnesium
Asian Metal News The domestic magnesium market remained flat this week led by sluggish demand from titanium sponge producers. Mainstream magnesium prices fell to RMB 27,200~27,500/t (99.95% grade) today, down by RMB 600/t from last Monday. A magnesium smelter in northern China reduced its quotes to RMB 27,200/t this week…
Domestic Mg Prices Stable at the Low End
28/06/22 | Magnesium
China Nonferrous Metals News 24th June: Mainstream primary magnesium was being quoted at RMB 25,500/t (ex-work, with taxes), with some transactions closing at RMB 25,200/t, holding stable w-o-w. Magnesium prices in other producing regions also remained stable. Industry commentators forecast magnesium prices to be under pressure over the short term…
China Produced 394.9 kt of Mg from January to May 2022
24/06/22 | Magnesium
China Nonferrous Metals News CNIA: China produced 394.9 kt of magnesium during the first five months of 2022, of the total, 245.1 were from Shaanxi and 86.5 kt were from Shanxi. Shaanxi produced 43.6 kt of magnesium in May, down by 14.84% m-o-m and Shanxi’s May production were 17.9 kt,…
