Domestic Mg Prices Soar
13/05/21 | Magnesium
Asian Metal News 12th May 2021: Domestic magnesium prices soared by RMB800/t from Monday to RMB20,300~20,600/t driven by rising coal and FeSi prices, tightening supply and strong downstream demand. Downstream buyers were active, aiming to mitigate the risk of higher magnesium prices going forward, resulting in ample transactions this week.…
CNIA: Domestic Primary Mg Production 147.3 kt in Jan./Feb.
07/05/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 147.3 kt of primary magnesium during January and February, up by 23.87% y-o-y in comparison with the same period last year. Of the total figure, output in Shaanxi was 99.3 kt and in Shanxi 19.1 kt, up by 22.33% and 20.48% y-o-y respectively.…
Domestic Mg Prices Continue to Rise
22/04/21 | Magnesium
Shanghai Nonferrous Metals News 22 April 2021: Domestic magnesium prices have continued on an upward trend for six days and reached RMB16,500/t; domestic magnesium smelters are holding firm on prices due to low inventories. However, downstream users have been cautious in placing new orders in the wake of rising prices.…
Fugu Shengxin Increases Mg Production
15/04/21 | Magnesium
Shanghai Nonferrous Metals News Shengxin Magnesium Co. Ltd increased magnesium production in April 2021 with daily output of 40 t and the company expects to produce 1.2 kt of magnesium in April 2021. Mainstream magnesium prices (95% Mg grade) are currently at RMB15,850 ~ 16,050/t (ex-works) in Fugu Shaanxi and…
Domestic Mg Prices Stop Falling and Rebound
07/04/21 | Magnesium
China Nonferrous Metals News 1st April 202: Backed by rising coal prices and shrinking magnesium stock, most domestic magnesium smelters raised their quotations, halting the downward trend of the last two weeks. As of 2nd April, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB15,400~15,500/t, with mainstream transaction…
Shanxi New Energy Mg Suspends Operation
02/04/21 | Magnesium
Asian Metal News Shanxi New Energy Magnesium smelter suspended magnesium production on 2nd April 2021 due to an upgrade to rotary kilns. The company is set to restart on 15th April, consequently its April production is estimated at 300 t down by 300 t m-o-m. Designed with magnesium capacity of…
Domestic Mg Prices under Pressure
31/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices continued weak at end-March. As of 26th March, mainstream domestic magnesium prices had dropped to RMB15,200~15,300/t ex-works with taxes in Fugu Shaanxi. In Wenxi Shanxi, prices fell by RMB100/t w-o-w to RMB15,500 t ex-work with taxes. As of 25th March, domestic FeSi prices…
IM Junzheng Cuts FeSi Production
24/03/21 | Magnesium
Asian Metal News IM Junzheng Group, the 2nd largest FeSi producer in China, further suspended 10 sets of 12,500 kVA EFs in Wuhai IM early this week after halting two sets of 63,000kVA EFs in Erdos, IM two weeks ago. According to an internal source, “In response to IM’s energy…
Domestic Mg Prices Stable
24/03/21 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices have held stable. As of 19th March 2021, mainstream magnesium prices were being quoted at RMB15,300~15,400/t in Fugu Shaanxi with transactions settling at RMB15,300/t. In Wenxi Shanxi, transaction prices were RMB15,600/t. All prices were ex-works with taxes by cash. In the…
