Domestic Mg Prices Slide
20/05/22 | Magnesium
Asian Metal News Domestic magnesium prices have been on the decline amid a sluggish market, falling by RMB 2,000/ from last Thursday to RMB 33,000~34,000 this week. Given a strong watchful attitude from downstream buyers and increased selling intentions from smelters, industry commentators forecast domestic magnesium prices to fall further…
Domestic Mg Prices Rebound
17/05/22 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices at Fugu Shaanxi were being quoted at RMB 36,000/t (ex-work by cash with taxes) with mainstream transaction prices at RMB 35,000~36,000/t, rebounding by RMB 3,000/t from a low point a week ago. Following the price uptick, magnesium prices in…
China Produces 84.2 kt of Mg in April
16/05/22 | Magnesium
Shanghai Nonferrous Metals News China produced 84.2 kt of magnesium ingot in April 2022, down by 3.02% m-o-m but up by 24.14% y-o-y. China produced 333.6 kt of magnesium ingot during the first four months of 2022, up by 25.68% y-o-y.
China Mg Exports Slow
10/05/22 | Magnesium
Asian Metal News China magnesium exports have slowed recently, amid lackluster overseas demand. However, China magnesium export prices have risen rapidly by USD 200/t to USD 5,750~5,850/t FOB China with taxes over the past few days. Industry commentators forecast magnesium export prices to be stable at the current level over…
Domestic Mg Transactions on the Rise
05/05/22 | Magnesium
Asian Metals News Domestic magnesium transactions were on the rise after prices stopped falling and stabilized on Monday, 2nd May. With buyers becoming more active, mainstream magnesium transactions prices stood at RMB 35,000~36,000/t, continuing stable from late last week, but down by RMB 2,000/t from last Monday. Some Shaanxi smelters…
China Mg Exports Prices to Fall Further
28/04/22 | Magnesium
Asian Metal News China’s magnesium exports slowed in the wake of weaker global demand and a gloomy outlook going forward. Declining magnesium prices on the domestic market in conjunction with higher USD/RMB exchange rates has driven mainstream magnesium export prices back to USD 5,900~6,000/t FOB China with taxes, down by…
Wulong Mg: Smart 5G Pellet Feeder Operational
28/04/22 | Magnesium
Net Ease News Wulong magnesium smelter at Yuanqu Shanxi set a smart 5G pellet feeder on track in its No. 2 magnesium reduction workshop and put it into trial operation. The new pellet feeder is a major technological achievement by Wulong magnesium and Taiyuan Technology University. The technology will minimize…
Domestic Mg Prices Rebound
26/04/22 | Magnesium
China Nonferrous Metals News Weakening downstream demand pushed magnesium prices down to RMB 34,000/t at the beginning of last week. However, the news of magnesium ‘stockpiling’ suppressed the trend and has propped magnesium prices since last Wednesday. As of 22nd April, mainstream magnesium prices were being quoted at RMB 38,000/t…
China Produces 239 kt of Mg in Q1 2022
22/04/22 | Magnesium
Asian Metal News China produced 83.3 kt of magnesium in March 2022, up by 3.67% m-o-m and up by 15.46% y-o-y. China produced 239 kt of magnesium in Q1 2022, up by 14.02% from 210 kt from the same period last year. For the top three magnesium producing provinces of…
