China Mg Association: Collective Move for Healthy Development
30/08/21 | Magnesium
Sohu News Domestic coal prices have surged by 83% from RMB600/t in early 2021 to RMB1,100/t and FeSi prices have increased by 75% from 5,700/t to RMB10,000/t; rapidly rising raw material costs which have boosted magnesium production costs by approximately RMB10,000/t during 2021. In addition, with industrial policy/environmental pressures continuing…
Domestic Mg Prices Increase
24/08/21 | Magnesium
Cnfeol News The price of domestic magnesium rose rapidly on Monday, up by RMB700/t from last Friday. Magnesium ingot prices (99.9% Mg) at Fugu Shaanxi were being quoted at RMB23,000~23,200/t with transaction prices settled at RMB22,900~23,000/t (by cash with taxes) on Monday. In Yuncheng, Shanxi, magnesium ingot prices (99.9% Mg)…
Domestic Mg Prices Soar
18/08/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared on tightening supply this week. As of 13th August, mainstream magnesium quotations were RMB22,300~22,500/t (tax inclusive) in Fugu Shaanxi, with mainstream transaction prices standing above RMB22,300/t, up by RMB1,300/t from the previous week. Following the upward price trend, magnesium transaction prices in…
Domestic Mg Prices Rebound
13/08/21 | Magnesium
Shanghai Nonferrous Metals News Domestic magnesium prices continue to rise on shortening spot supply, seeing mainstream magnesium prices lifting to RMB22,000/t ex-works in Fugu Shaanxi. Downstream buyers have been actively restocking, consequently boosting domestic magnesium prices to a high point for 2021.
Domestic Mg Prices Trend up
05/08/21 | Magnesium
China Nonferrous Metals News As of 30th July, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB21,000/t in Fugu, Shaanxi, with mainstream transaction prices standing at RMB20,800~20,900/t, up by RMB800~900/t from last week. In Wenxi, Shanxi, magnesium prices were being quoted at RMB 21,000~21,100/t. In July, domestic magnesium…
China’s July Mg Production at 62.8 kt
02/08/21 | Magnesium
Shanghai Nonferrous Metals News SMM: China produced 62.8 kt of primary magnesium in July 2021, down by 15.9% m-o-m, but an increase of 0.88% y-o-y. China produced 498.4 kt of primary magnesium during the first seven months of 2021, up by 9.17% y-o-y.
Domestic Mg Prices Drop Slightly
29/07/21 | Magnesium
China Nonferrous Metals News As of 23rd July 2021, mainstream magnesium prices were being quoted at RMB20,300~20,400/t in Fugu Shaanxi with transactions settling at RMB20,200~20,300/t. In Wenxi Shanxi, transaction prices were RMB20,500~20,600/t, a decline of RMB200/t from last week. All prices were ex-works with taxes in cash.
Domestic Mg Prices Edge up Moderately
20/07/21 | Magnesium
Shanghai Nonferrous Metals News Buoyed by increasing new order prices, mainstream magnesium quotations at Fugu Shanxi climbed by RMB300/t from last Friday to RMB20,500/t, but no transactions were concluded. Rising coal and FeSi prices have propped magnesium production costs recently. Meanwhile, holding limited stocks, domestic magnesium smelters intend to hold…
Domestic Mg Prices Rise Slightly
14/07/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded slightly this week, driven by increasing environmental pressures. As of 9th July, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB19,300~19,400/t in Fugu, Shaanxi, with mainstream transaction prices standing at RMB19,300/t. In Wenxi, Shanxi, magnesium prices were being quoted at…
