China’s Mg Exports Fall in Q1~Q3 2020
11/11/20 | Magnesium
China Nonferrous Metals News China Customs: China’s total magnesium exports, including six taxable magnesium items, were 281.1 kt during the first three quarters of 2020, down 17.2% y-o-y. Of the total, exports of magnesium ingot were 147.8 kt, magnesium alloy 73.2 kt, and magnesium powder 49.1 kt, describing a slump…
IM Zhengneng Chemical Suspends 15 ktpy Mg Line
09/11/20 | Magnesium
Shanghai Nonferrous Metals News Established in 20019, the IM Zhengneng Group has now become a comprehensive producer with semi-coke capacity of 3.6 mtpy, high-grade magnesium alloy capacity of 15 ktpy and with 2 x 25 MW power generators. The company suspended its 15 ktpy primary magnesium production line last week…
Shaanxi Yulin Mg Group Established
06/11/20 | Magnesium
Shanghai Nonferrous Metals News Shaanxi Yulin Magnesium Industry (Group) Co., Ltd. was established in Yulin, Shaanxi this week. The company signed agreements with local magnesium smelters regarding reserves of magnesium ingots, with the aim of boosting the sluggish market. However, the reserve amount and prices have not as yet been…
Tianlong Mg Resumes Production
16/10/20 | Magnesium
Shanghai Nonferrous Metals News SMM: Tianlong Magnesium Co. Ltd. is set to resume operations next week after completing maintenance started in mid-September. The company extended the maintenance time to five weeks due to a weak market. The company chiefly produces magnesium ingot of 95% and 90% grade, accounting for 60%…
China 2020 Mg Production: 900 kt
12/10/20 | Magnesium
China Nonferrous Metals News 22nd September: The 2020 National Magnesium Industry Conference was held in Xiaoyi City, Shanxi. Speaking at the conference, Sun Qian, Secretary General of Magnesium Branch of CNIA, forecast China’s 2020 primary magnesium production at 900 kt with 400 kt for export. Domestic magnesium prices are expected…
China Produces 465 kt of Mg from January to July
24/09/20 | Magnesium
China Nonferrous Metals News CNIA: China produced 465.4 kt of primary magnesium from January to July 2020, down 3.66% y-o-y. Of this figure, Shaanxi’s output was 306.5 kt, up by 6.85% y-o-y, Shanxi’s output was 62.7 kt, down 16.91% y-o-y and Ningxia’s output was 27.7 kt, up by 6.52% y-o-y.…
Domestic Mg Prices Continue to Fall
22/09/20 | Magnesium
China Nonferrous Metals News Last week, domestic magnesium prices continued to fall, approaching RMB12,000/t amid ongoing weak demand. As of 18th September, domestic magnesium ingot (99.9%) was quoted at RMB12,150~12,200/t in Fugu Shaanxi, with mainstream transactions closing at RMB12,100~12,150/t. Transaction prices were RMB12,400/t in Wenxi, Shanxi, a fall of RMB200/t…
Domestic Mg Market Outlook Remains Bleak
16/09/20 | Magnesium
China Nonferrous Metals News As of 11th September, domestic magnesium ingot (99.9%) was being quoted at RMB12,300~12,400/t in Fugu Shaanxi with mainstream transactions closing at RMB12,300/t. Transaction prices were RMB12,600/t in Wenxi, Shanxi, a fall of RMB200/t from the previous Friday. To date, after dropping under RMB13,000/t in July 2020,…
Domestic Mg Prices Continue to Fall
01/09/20 | Magnesium
China Nonferrous Metals News As of 28th August, domestic magnesium ingot was being quoted at RMB12,650/t in Fugu Shaanxi with mainstream transactions closing at RMB12,600~12,650/t, down by RMB100/t from the previous Friday. Prices for ingot in other major producing areas followed the downward trend. To date, domestic magnesium prices have…
