Domestic Mg Prices Edge Down Slightly
28/01/21 | Magnesium
China Nonferrous Metals News Recent domestic magnesium prices have been in decline. Early this week, mainstream magnesium transaction prices fell by RMB100~200/t w-o-w to RMB 13,900~14,000/t (ex-works by cash) in Fugu Shaanxi and RMB14,200~14,300/t (ex-works by cash) in Wenxi Shanxi. As of this week, domestic magnesium prices had dropped by…
Domestic Mg Prices Decline
14/01/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices fell rapidly amid weakening downstream demand. As of 8th January 2021, mainstream magnesium transaction prices were RMB14,000/t in Fugu Shaanxi, falling by RMB1,500/t from a high point before the New Year holiday. In Wenxi Shanxi, prices were RMB14,400/t; prices in other producing regions…
China Produces 771 kt of Mg from Jan.~Nov. 2020
13/01/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 770.7 kt of primary magnesium during the first 11 months of 2020, down by 0.47% y-o-y. Of the total, Shaanxi’s magnesium output was 514.7 kt, up 10.57% y-o-y, Shanxi 96.5 kt, down 15.82% y-o-y and Ningxia 47.4 kt, down 8.01% y-o-y. CNIA estimates…
Shaanxi Mg Smelters Cut Operations by 35%
30/12/20 | Magnesium
Shanghai Nonferrous Metals News SMM: Given rising coal prices as well as strict implementation measures to combat heavy air pollution, some Shaanxi magnesium smelters have decided to cut both semi-coke and magnesium ingot production by 35% from 19th December to 31st December 2020. Source
Shanxi Bada Mg Cuts Operations
25/12/20 | Magnesium
Asian Metal News 22nd December: Shanxi Bada Magnesium reduced its magnesium operations by 80% to 10 tonnes per day amid more stringent environmental requirements. The situation is expected to continue through to early January 2021. According to an internal source, the company cut operations following environmental requirements of local authorities…
Shaanxi Semi-Coke Producers Cut Operations by 35%
22/12/20 | Magnesium
SMM News SMM: In a bid to ensure sufficient raw coal storage during the approaching Chinese New Year period (11~17 February 2021) as well as to ratchet up air pollution control measures, semi-coke producers and coal gas producers supplying gas to local magnesium smelters in Fugu Shenmu Shaanxi are required…
Domestic Mg Prices Continue to Rise
08/12/20 | Magnesium
Shanghai Nonferrous Metals News Buoyed by surging FeSi prices, mainstream domestic magnesium transaction prices continued to rise, increasing by RMB500/t from last Friday to RMB14,600~14,700/t on Monday in Fugu Shaanxi, with some high level quotations at RMB15,000/t. FeSi prices surged after the announcement of a 3-month production cut period during…
Domestic Mg Prices on the Rise
07/12/20 | Magnesium
Asian Metal News Domestic magnesium prices lifted further this week driven by rising FeSi and coal prices. Mainstream magnesium prices are currently standing at RMB14,200~14,500/t, up by RMB200/t from last week. Most domestic magnesium smelters are intending to increase their quotes further and downstream buyers are adhering to their procurement…
Domestic Mg Prices Edge Down
30/11/20 | Magnesium
Shanghai Nonferrous Metals News This week (23~29, November), total transaction volume and domestic magnesium prices drifted down during the week. As of last Friday, domestic primary magnesium (99.9% Mg) prices were being quoted at RMB13,300~13,400/t, with mainstream transactions settling at RMB13,350/t in Fugu Shaanxi. However, mainstream transaction prices were RMB13,600~13,800/t…
