Domestic Mg Prices Rebound Slightly
22/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded slightly this week driven by rising FeSi prices caused by smelter suspensions. As of 12th March, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB15,500/t, with mainstream transaction prices standing at RMB15,400~15,500/t. In Wenxi, Shanxi, magnesium prices were being quoted…
Two Mg Smelters Halt Operations
18/03/21 | Magnesium
Shanghai Nonferrous Metals News IM Zhengneng Chemical Group (Lubao Magnesium smelter) suspended magnesium smelting amid an FeSi supply shortage caused by energy consumption control measures in IM. The smelter plans to resume operations in early April 2021. Approximately 2.3 kt of magnesium production will be curbed in March 2021. Shenmu…
Fugu Jinchuan Mg Increases Production
17/03/21 | Magnesium
Asian Metal News Fugu Jinchuan magnesium smelter is set to ramp up operations from mid-April 2021, increasing its daily output to 55 t from the current level of 30 t, with its April output expected at 1.3 kt. According to an internal source, the company set its sales prices at…
Domestic Mg Prices under Pressure
10/03/21 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices have been under pressure on weak downstream demand. As of 5th March 2021, mainstream magnesium prices were being quoted at RMB15,300~15,500/t in Fugu Shaanxi with transactions settling at RMB15,100~15,300/t. In Wenxi Shanxi, transaction prices were RMB15,400~15,500/t. All prices were ex-works with…
Domestic Mg Prices Rebound after CNY Holiday
03/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded strongly after the Chinese New Year holiday following rising commodity prices and tightening spot supply at smelters. As of 26th February, mainstream domestic magnesium prices had risen to RMB15,300~15,500/t ex-work with taxes. In Wenxi Shanxi, prices lifted by RMB800~1,000/t w-o-w to RMB15,600~15,700/t…
CNIA: 860 kt of Mg Production in 2020
24/02/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 858.3 kt of primary magnesium in 2020, up by 0.52% y-o-y. Of the figure, primary magnesium production was 575.6 kt in Shaanxi, 103.6 in Shanxi and 54.2 kt in Ningxia, up 11.5%, down 15.7% and down 7.27% y-o-y respectively. Source
Domestic Mg Prices Edge up Slightly
22/02/21 | Magnesium
Shanghai Nonferrous Metals News 20th February 2021: Mainstream magnesium ingot (99.9% grade) prices lifted to RMB14,000~14,200/t in Fugu Shaanxi, with some transactions concluded at RMB14,200/t. According to internal sources, most small smelters have orders for the futures market through to end-February, while large smelter are under long-term contracts, resulting in…
Shanxi Bada Cut Mg Operations
09/02/21 | Magnesium
Asian Metal News Shanxi Bada magnesium smelter has cut operations by 70% since 18th January 2021, reducing daily average output to 25 t. The company produced 1.8 kt of magnesium in January and February production is estimated at 700 t, down by 1.1 kt m-o-m. According to an internal source,…
IM Yunsheng Mg Suspends Operation
02/02/21 | Magnesium
Asian Metal News IM Yunsheng magnesium smelter suspended operations on 25th January 2021, reducing its January output by 200 t on-month accordingly. According to an inside source, the company halted operations last week amid low prices and plans to restart after February. The company will resume normal operations in March…
