China’s Mg Export Prices Stable
23/06/22 | Magnesium
Asian Metal News Mainstream magnesium export prices have been stable at USD 3,970~4,070/t FOB China (with taxes) or USD 3,800~3,900/t FOB China (without taxes) this week, keeping stable from last Friday. However, transactions were scarce, led by weakening global demand. Domestic smelters were firm on prices and industry commentators project…
Two Fugu Mg Smelters Running Maintenance
16/06/22 | Magnesium
Asian Metal News Yabo magnesium smelter in Fugu, Yulin suspended operations on 14th June to carry out a week of maintenance. The company expects 1.4 kt of magnesium ingot production in June 2022, a decrease of 400 t m-o-m from 1.8 kt in May. Designed with 23 ktpy of magnesium…
Domestic Mg Prices Rebound
14/06/22 | Magnesium
Shanghai Nonferrous Metals News Propped by strong raw material prices, mainstream domestic magnesium prices rebounded rapidly to RMB 26,500/t on Monday. However, downstream buyers remained watchful with sparse transactions this week. With the supply/demand scenario remaining unchanged at present, industry commentators project domestic magnesium prices to be stable at the…
China Produced 85.8 kt of Mg in May
10/06/22 | Magnesium
Shanghai Nonferrous Metals News China produced 85.8 kt of magnesium in May 2022, up by 1.95% m-o-m and 29.12% y-o-y. China’s total magnesium production during the first five months of 2022 reached 422.4 kt, up by 26.36% y-o-y. Magnesium smelters in IM and Xinjiang increased operations in May after environmental…
Domestic Mg Prices on the Decline
07/06/22 | Magnesium
Shanghai Nonferrous Metals News 6th June: Mainstream magnesium quotations continued to drop today, falling by RMB 1,000/t from last Thursday to RMB 26,500~27,000/t in Fugu, Shaanxi. With a surplus market and falling magnesium prices for more than a month, downstream buyers have been wary about restocking. In the wake of…
Fugu Jujinbang Suspends Mg Production
01/06/22 | Magnesium
Asian Metal News Jujinbang, a magnesium smelter in Fugu, Shaanxi, suspended magnesium smelting for circuit maintenance on 30th May and plans to restart on 10th June. Designed with 20 ktpy magnesium capacity, the company produced 1 kt of magnesium in May with its June production estimated at 800 tonnes. It…
Shenmu Xinqing Suspends Mg Production
31/05/22 | Magnesium
Asian Metal News Shenmu Qinqing suspended magnesium smelting on 25th May, due to a lack of required environmental assessments. The company is working to accelerate the process but a date for resuming production is uncertain. The company is set to produce 1,560 t of magnesium in May, down by 200…
Yunhai Metals: Acquisition of Dolomite Resources
27/05/22 | Magnesium
Asian Metal News 22nd May, Yunhai Metals announced that the company has acquired the mining rights to some dolomite resources at Qingtaishan mine, Chaohu, Anhui at RMB 365 mln via its subordinate Anhui Chaohu Yunhai Magnesium Co. Ltd. After this acquisition, Anhui Chaohu Yunhai Magnesium will increase its dolomite resources…
Domestic Mg Prices Fall
26/05/22 | Magnesium
China Nonferrous Metals News 20th May: Mainstream magnesium prices were being quoted at RMB 33,000/t (ex-work with taxes) in Fugu Shaanxi, with several transactions closing at RMB 32,500~33,000/t, down by RMB 4,000/t from a high point a week ago. Magnesium smelters in other producing regions followed suit and tuned down…
