China Exports 38.23 kt of Mg Products in April
29/05/20 | Magnesium
Shanghai Nonferrous Metals News China exported 38.23 kt of primary magnesium and magnesium products in April 2020, down 38.89% m-o-m while up by 0.92% y-o-y. Of these, primary magnesium (ingots) exports were 21.89 kt in April, down 44% m-o-m but up 3.54% y-o-y. Exports of magnesium ingot and magnesium products…
Domestic Mg Prices Slide Slightly
25/05/20 | Magnesium
Shanghai Nonferrous Metals News 22nd May: Mainstream magnesium transaction prices (99.9% magnesium ingot) were RMB13,050/t by cash with taxes in Fugu Shaanxi. In Wenxi Shanxi prices were RMB13,350/t, a fall of RMB50/t from last week. According to SMM, several magnesium smelters were prepared to halt operations last week and those…
Domestic Mg Prices Stable at Low Level
21/05/20 | Magnesium
China Nonferrous Metals News 15th May: Mainstream magnesium prices (99.9% magnesium ingot) are currently being quoted at RMB13,200/t with transaction prices at RMB13,100/t by cash with taxes. In Fugu Shaanxi prices were RMB13,300~134,000/t and in Wenxi Shanxi RMB13,400~13,500/t, a fall of RMB150~200/t from last week. Given ample domestic supply and…
Domestic Mg Prices Stable
14/05/20 | Magnesium
Shanghai Nonferrous Metals News 13th May: Mainstream magnesium prices (99.9% magnesium ingot) currently stand at RMB13,200/t in Fugu Shaanxi and RMB13,500/t in Wenxi Shanxi, remaining steady from the previous days’ trade. Despite steady prices, transactions were sparse with most downstream buyers remaining cautious. Market participants project short-term magnesium prices to…
Domestic Mg Prices at RMB13,200/t, Transactions Few
12/05/20 | Magnesium
Shanghai Nonferrous Metals News SMM: Mainstream transaction prices of magnesium ingot (99.9% grade) were between RMB13,200~13,300/t in Fugu Shaanxi and RMB13,500~13,600/t in Wenxi Shanxi, the same as last week. With the impact of COVID-19 continuing outside of China, exports of magnesium products, including ingots, powder and alloys have contracted rapidly…
China Produced 115.1 kt of Primary Mg in Jan.~Feb.
21/04/20 | Magnesium
China Nonferrous Metals News CNIA: China produced 115.1 kt of primary magnesium during the first two months of 2020, down 7.3% y-o-y. Of this figure, Shaanxi’s output was 81.2 kt, Shanxi 14.9 kt, and Ningxia 5.9 kt, up 7.54%, down 29.29% and up 4.67% y-o-y respectively. Domestic magnesium prices hovered…
Shenmu Semi-coke Group: Production Cuts to Shore Prices
16/04/20 | Magnesium
Cnfeol News Shaanxi Shenmu Semi-coke Group announced that it will cut operations in a bid to shore-up prices amid a low market. Details are as follows: All members must partially cut or halt entire operations, with a maximum of 30% of total capacity allowed to stay open All members must…
Shaanxi Fugu Meixin Cuts Mg Production
08/04/20 | Magnesium
Asian Metal News Shaanxi Fugu Meixin magnesium smelters have been grappling with issues of low semi-coke prices and slow sales of coke tar for some time and is facing losses of RMB80/t for every tonnne of semi-coke produced. In the wake of recently slumping magnesium prices and a bleak market…
Domestic Mg Prices Drop
02/04/20 | Magnesium
China Nonferrous Metals News As of 27th March, primary magnesium ingot (99.9% grade) was being quoted between RMB 13,700/t tax inclusive by cash in Fugu Shaanxi, and concluded between RMB13,650~13,700/t. Domestic magnesium prices plummeted by RMB200~300/t from the previous Friday, and closed at the lowest level since February 2017. Market…
