Domestic Mg Prices under Pressure
20/04/22 | Magnesium
China Nonferrous Metals News Domestic magnesium prices trended down slightly last week under pressure from slower logistics and weaker demand. As of 15th April, mainstream magnesium transaction prices in Fugu Shaanxi dropped by RMB 3,000/t to RMB 36,000~36,500/t in a week, with prices in other magnesium producing regions falling as…
Domestic Mg Prices Remain Stable
13/04/22 | Magnesium
China Nonferrous Metals News Mainstream magnesium prices were being quoted at RMB 39,500~40,000/t last week, with most transactions closing at RMB 39,500/t. Domestic magnesium prices have been stable at RMB 40,000/t level for more than three weeks. Industry commentators forecast domestic magnesium prices to continue stable next week.
14th FYP for Fugu County, Yulin, Shaanxi
13/04/22 | Magnesium
China Nonferrous Metals News Fugu County of Yulin City, Shaanxi recently published its 14th FYP (2021~2025) for economy and social development. The plan maps out the county’s development goals through to 2025. Magnesium and magnesium alloy capacity is to grow to 1 mtpy, and a 100 ktpy magnesium circular economy…
Domestic Mg Production on the Rise
11/04/22 | Magnesium
Shanghai Nonferrous Metals News China produced 86.8 kt of magnesium ingot in March 2022, up by 4.33% m-o-m and up by 30.83% y-o-y. China’s total production during the first three months of 2022 reached 247.4 kt, up by 26.2% y-o-y. Last week, mainstream primary magnesium transactions prices held stable at…
Domestic Mg Prices Stable
07/04/22 | Magnesium
Shanghai Nonferrous Metals News 6th April: Domestic magnesium market transactions remained flat with prices continuing stable at RMB 39,500/t in Fugu Shaanxi. With limited liquidity pressures, local magnesium smelters were reluctant to compromise on prices, resulting in a stagnated market.
Yunlin Shaanxi: Mg Production Drops during January~February
29/03/22 | Magnesium
Shanghai Nonferrous Metals News 88.1 kt of primary magnesium were produced in Yunlin Shaanxi during January and February 2022, down by 11.3% y-o-y. According to local Yulin authorities, a total of 513 kt of primary magnesium was produced in 2021, down by 8.6% y-o-y. Domestic magnesium prices remained stable last…
Yulin Wanyuan Mg Expects 1.5 kt of Mg in March
24/03/22 | Magnesium
Asian Metal News Yunlin Wanyuan Magnesium smelter expects its March production to drop by 300 t m-o-m to 1.5 kt, due to dolomite supply shortages during the month. According to an internal source, dolomite prices soared by RMB 80/t m-o-m to RMB 230/t in March, which together with subpar dolomite…
China Produces 83 kt of Mg Ingots in February 2022
21/03/22 | Magnesium
Shanghai Nonferrous Metals News China produced 83 kt of magnesium ingot in February 2022, up by 0.99% m-o-m and up 25.73% y-o-y. Driven by relatively high profits, domestic magnesium production is expected to remain stable at high levels in March. Last week (14th ~18th March): Weaker downstream demand put pressure…
Yulin Coal Technology Resumes Mg Production
08/03/22 | Magnesium
Asian Metal News Yulin Coal Technology suspended magnesium production in late January amid coal gas supply shortages. It remained idle during most of February and restarted operations late in the month. Designed with 10 ktpy capacity, the company produced 7.2 kt of magnesium ingot in 2021, 600 tonnes in January,…
