Domestic Mg Prices Stable
13/08/20 | Magnesium
China Nonferrous Metals News 7th August, SMM: Domestic magnesium prices remained stable this week. Mainstream magnesium ingot 99.9% was quoted at RMB12,850/t by cash with taxes in Fugu Shaanxi and mainstream transaction prices were RMB12,800~12,850/t in Fugu Shaanxi, RMB12,950/t in Taiyuan Shanxi and RMB13,100/t in Wenxi Shanxi, the same as…
China Exports 11.8 kt of Mg Ingot in June
30/07/20 | Magnesium
Shanghai Nonferrous Metals News China exported 11.8 11.8 kt of magnesium ingot in June 2020, down 27% m-o-m and down 42% y-o-y, with export prices averaged at USD2,178/t, down 1.66% m-o-m and down 13.2% y-o-y. China exported 114.4 kt of magnesium ingot in H1 2020, down 7% y-o-y. China exported…
Domestic Mg Prices under Pressure
20/07/20 | Magnesium
Shanghai Nonferrous Metals News As of end-June, domestic magnesium smelters increased magnesium prices driven by rising coal and FeSi prices. Raising prices stimulated demand and increased short-term transactions, but amid an overall bleak market, growth is limited. SMM analysts take the view that the impact of COVID-19 across the world…
Domestic Mg Prices Fall
14/07/20 | Magnesium
China Nonferrous Metals News 10 July: Mainstream magnesium transaction prices were RMB12,900/t in Fugu Shaanxi and RMB13,200/t in in Wenxi Shanxi, falling by RMB100/t from last Friday. Domestic magnesium prices have fallen to a low point of under RMB 13,000/t once more after slumping in April. Domestic magnesium smelters are…
Yulin Coal Technology Resumes Mg Production
01/07/20 | Magnesium
Asian Metal News Yulin Coal Technology restarted primary magnesium production on 24th June 2020 with daily output of 20 t. The company suspended operations on 25th April to undertake maintenance amid a weak market. According to an internal source, with the FeSi price currently standing at RMB5,750/t, the company is…
China Mg Exports Drop by 26%
30/06/20 | Magnesium
China Nonferrous Metals News China exported 16.13 kt of primary magnesium in May, down 26% m-o-m and down 17% y-o-y. The average export price of primary magnesium was USD2,192/t, down 2.8% m-o-m and down 12% y-o-y. China’s magnesium exports in the first five months of 2020 totaled 102.6 kt, up…
Domestic Mg Prices Stable
17/06/20 | Magnesium
China Nonferrous Metals News 12th June, SMM: Domestic magnesium prices remained stable this week. Mainstream magnesium transaction prices were RMB13,050~13,100/t in Fugu Shaanxi, RMB13,200/t in Taiyuan Shanxi and RMB13,300~13,400/t in Wenxi Shanxi, the same as the pervious term. Looking forward, domestic magnesium output is likely to drop as a consequence…
Domestic Mg Prices Stable
08/06/20 | Magnesium
Shanghai Nonferrous Metals News 5th June, SMM: Domestic magnesium prices remained stable this week. Mainstream magnesium transaction prices were RMB13,050~13,100/t in Fugu Shaanxi and RMB13,300~13,400/t in Wenxi Shanxi. Domestic magnesium supply has been in decline with the beginning of the maintenance season planned each year. Domestic smelters hold limited stocks,…
Domestic Mg Prices Edge up Slightly
01/06/20 | Magnesium
Shanghai Nonferrous Metals News Domestic magnesium prices edged up slightly in the wake of increased production cuts at smelters and rising FeSi prices. At present, mainstream magnesium transaction prices are RMB13,100~13,200/t in Fugu Shaanxi and RMB13,500~13,600/t in Wenxi Shanxi. Several magnesium smelters started maintenance ahead of their original schedules last…
