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…
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…
