Domestic Mg Prices Soar to RMB41,751/t in September
15/10/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared to RMB41,751/t in September, up by 229% m-o-m. The average magnesium prices from January to September 2021 grew by 51.26% y-o-y to RMB20,424/t. The ‘dual control’ policy as well as power rationing implemented in major magnesium producing provinces has led to suspensions…
China Produces 494.1 kt of Mg from Jan. to July. 2021
16/09/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 494.1 kt of primary magnesium during the first seven months of 2021, up 4.55% y-o-y. Of the total, magnesium production in Shaanxi was 344.2 kt, Shanxi 68.7 kt and Ningxia 13.4 kt, up 12.3%, up 0.58% and down 50.35% y-o-y respectively. Domestic magnesium…
Domestic Mg Prices Rally
08/09/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rallied recently, driven by rising coal and FeSi prices along with tightening supply at smelters. Mainstream magnesium prices were being quoted at RMB30,500~31,000/t ex-works with taxes in Fugu Shaanxi last Friday, with some transactions closed at RMB30,500/t, an increase of RMB4,500/t w-o-w. Between…
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.
