Domestic Mg Prices Edge up
31/03/20 | Magnesium
China Nonferrous Metals News Domestic magnesium prices averaged RMB14,679/t in February 2020, up 31.28% y-o-y despite few transactions being concluded during the period. Domestic primary magnesium output declined significantly y-o-y due to the spread of COVID-19 in February. Meanwhile, traders and some downstream buyers made small replenishments during the month…
2019 Domestic Mg Output 969 kt
12/03/20 | Magnesium
Shanghai Nonferrous Metals News CNIA: China produced 969 kt of primary magnesium in 2019, up 12.2% y-o-y. Domestic magnesium prices fell by 3.3% y-o-y during 2019 to average RMB15,949/t, putting domestic smelters under pressure of a y-o-y decline in profit margins. China consumed 485 kt of magnesium and products in…
Domestic Mg Prices on the Decline
12/03/20 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices continued to fall on increased coal supply and declining raw material prices. As of 6th March, primary magnesium ingot (99.9% grade) was being quoted between RMB 14,000/t in Fugu Shaanxi, RMB 14,100/t in Taiyuan Shanxi and RMB 14,200~14,300/t in Wenxi Shanxi,…
CNIA: 2019 Primary Mg Output 845 kt
02/03/20 | Magnesium
China Nonferrous Metals News CNIA: China produced 844.8 kt of primary aluminium in 2019, up 12.74% y-o-y. Of this amount, output in Shanxi was 517.6 kt, and Shanxi was 117.1 kt, up 20.04% and up 18.29% y-o-y respectively. Output in Ningxia was 58.5 kt, down 10.65% y-o-y. Source
2019 Domestic Mg Output Expected at 927.7 kt
17/01/20 | Magnesium
China Nonferrous Metals News CNIA: China produced 763.9 kt of primary magnesium during the first 11 months of 2019, up 11.16% y-o-y. China’s annual domestic primary magnesium output is expected to be 927.7 kt, with domestic consumption of 472.3 kt and exports of 446.5 kt, accounting for 50.91% and…
IM Yunsheng Cuts Mg Ingot Production by 50%
14/01/20 | Magnesium
Asian Metal News IM Yunsheng Magnesium Technology Co. Ltd. has decided to cut its magnesium production by 50% to approximately 20 t per day from 14th January to 12 February 2020. The move comes due to reduced coal supply prior to the Chinese New Year holiday combined with heavy snow…
Domestic Mg Prices Rebound Slightly at End-Dec.
27/12/19 | Magnesium
China Nonferrous Metals News Domestic magnesium smelters have been under pressure from low prices with domestic magnesium falling below RMB14,000/t in early December. Domestic smelters increased their quotations in mid-December by RMB200/t, from RMB13,700/t to RMB 13,900/t, in response to rising raw material prices (coal) and pressures of excessive supply.…
Domestic Mg Output 748 kt Jan. to Oct.
18/12/19 | Magnesium
China Nonferrous Metals News CNIA: China produced 747.7 kt of primary magnesium during the first ten months of 2019, up 21.7% y-o-y. Of this figure, Shaanxi was 421 kt, up 18.9% on-year, Shanxi 99.1 kt, up 23.27% on-year and Ningxia 41.9 kt, down 30.06% on-year. Domestic magnesium prices averaged RMB14,367/t…
Domestic Mg Prices Fall to Record Low
11/12/19 | Magnesium
China Nonferrous Metals News The domestic magnesium market has been buckling under sluggish demand and in a glut of magnesium supply during the first week of December. As of 6th December, primary magnesium ingot (99.9%) was being quoted at RMB 13,700-13,800/t (tax inclusive, on cash) in Fugu Shaanxi, with…
