Fugu Shengxin Halts Mg Production
06/07/21 | Magnesium
Asian Metal News Fugu Shengxin Magnesium suspended magnesium production on 3rd July as a result of hot weather, furnace upgrades and increased environmental pressures. The company plans to run maintenance of 20 days and intends to resume normal operations with daily output of 30 t by end-July. Designed with 20…
China Produces 288.3 kt of Mg from Jan. to April
23/06/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 288.3 kt of magnesium during the first four months of 2021, up by 11.3% y-o-y. Of the total, magnesium production was 197 kt in Shaanxi, 37.3 kt in Shanxi and 14.1 k tin Ningxia, an increase of 17.29%, but a decrease of 1.14%…
Production Cuts for Shaanxi Mg Smelters
22/06/21 | Magnesium
Shanghai Nonferrous Metals News Several magnesium smelters in Shenmu and Fugu Shaanxi have decided to run maintenance in late June amid pressures from environmental checks and difficulties with sourcing coal. In addition, given shortening dolomite supply due to mining rectification work at Wutai Shanxi, domestic magnesium smelters intend to shore…
Domestic Mg Prices Decline Slightly
16/06/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices fell slightly amid weakening downstream demand last week. As of 10th June 2021, mainstream magnesium prices were being quoted at RMB18,500/t ex-works, with transaction prices sitting at the same level in Fugu Shaanxi. In Wenxi Shanxi, prices were RMB18,700~18,000/t/t, falling by RMB500/t w-o-w.…
Domestic Mg Prices Rebound Rapidly
09/06/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded rapidly during the first week of June driven by increasing demand together with rising FeSi prices caused by policy-led smelter suspensions in Ningxia. As of 4 June, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB19,100~19,200/t, with mainstream transaction prices…
China Produced 69 kt of Mg Ingot in May
07/06/21 | Magnesium
Shanghai Nonferrous Metals News SMM: China produced 69.4 kt of magnesium ingot in May 2021, down by 4.11% m-o-m but up by 9.24% y-o-y. China produced 320 kt of primary magnesium during the first five months of 2021, up by 7.59% y-o-y. Source
Domestic Mg Prices Rebound
03/06/21 | Magnesium
Shanghai Nonferrous Metals News Primary magnesium smelters in Fugu Shaanxi raised their quotes to RMB18,000~18,200/t recently, but no transactions were concluded at RMB18,000/t levels. Some local smelters reported increased quotations today. Buoyed by rising FeSi prices and limited stocks, smelters are keen to prop prices this week, resulting in a…
Domestic Mg Price Fall Rapidly
26/05/21 | Magnesium
China Nonferrous Metals News As of 21st May, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB18,000~18,500/t, with transaction prices sitting at RMB18,000/t. In Wenxi, Shanxi, magnesium prices were being quoted at RMB18,200/t, falling rapidly by RMB3,500/t in a week. With declining coal prices, domestic magnesium prices are…
Domestic Mg Prices Soar on Rallying Coal Prices
17/05/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared by approximately RMB800/t from last week to average RMB22,000/t driven by rising coal and FeSi prices, tightening supply and strong downstream demand. As of 14th May, 99.9% grade mainstream primary magnesium ingot transaction prices climbed to RMB21,500~21,800/t in Fugu, Shaanxi and RMB21,000~22,000/t…
