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,…
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…
