Domestic Mg Transactions on the Rise
15/09/23 | Magnesium
Asian Metal News Domestic magnesium prices rebounded to RMB 23,900~24,300/t ex-works by cash on Wednesday, up by RMB 200/t on Tuesday. Magnesium smelters were keen to prop prices and downstream buyers were active this week. A northern smelter received three inquiries and sold 93 t of magnesium at RMB 23,900/t…
Two Mg Smelters in Shenmu Shaanxi Start Maintenance
07/09/23 | Magnesium
Asian Metal News Shenmu Xinqing Magnesium started maintenance on 1st September 2023 and is set to resume operations on 21st September. The company produced 1.6 kt of magnesium in August 2023 and expects 0.6 kt production in September. Meanwhile, Shenmu Dingtai Magnesium started maintenance on 1st September and is set…
Domestic Mg Prices on the Rise
06/09/23 | Magnesium
Asian Metal News Domestic magnesium prices rose by RMB 300/t from last Friday and up by RMB 200/t on Monday to RMB 23,000~23,300/t on Wednesday, buoyed by vendors’ strong will to shore prices and on increased transactions. A northern smelter sold 31 t of magnesium at RMB 22,800/t on Monday…
Domestic Mg Prices Stop Falling and Stable at RMB 22,500/t
01/09/23 | Magnesium
Asian Metal News Magnesium transactions have risen moderately since Wednesday, seeing domestic magnesium prices stop falling and stabilize at RMB 22,500~22,800/t ex-works by cash. A northern smelter sold 150 t of magnesium at RMB 22,500/t on Wednesday and increased the offer to RMB 22,600/t afterwards, noting overall market transactions were…
Domestic Mg Transactions Slow since Wednesday
25/08/23 | Magnesium
Asian Metal News 24th August: Domestic magnesium prices fell slightly by RMB 100/t from Monday to RMB 22,700~23,000/t but transactions have been slow since Wednesday as most buyers finished restocking early this week. Industry commentators forecast domestic magnesium prices will continue stable at low levels next week. A northern smelter…
Domestic Mg Transactions Slow
11/08/23 | Magnesium
Asian Metal News Domestic magnesium transactions have slowed since prices rebounded to RMB 21,700 ~22,100/t level ex-works on Wednesday, up by RMB 600/t from last Friday. Most magnesium smelters are holding firm on prices given limited stocks. A northern smelter sold 62 t of magnesium at RMB 21,800/t on Tuesday,…
China Mg Production 50.9 kt in July
10/08/23 | Magnesium
Shanghai Nonferrous Metals News China produced 50.9 kt of magnesium ingot in July 2023, down by 3.14% m-o-m and down by 26.48% y-o-y. China’s magnesium alloy production was 26 kt in July, up by 1.23% m-o-m but down by 6.88% y-o-y. China produced 54 kt of magnesium powder in July,…
Domestic Mg Prices Stop Falling
08/08/23 | Magnesium
China Nonferrous Metals News Backed by improving demand, domestic magnesium prices stopped falling at RMB 20,800/t last week. As of last Friday, mainstream magnesium prices in Fugu Shaanxi were being quoted at RMB 21,000~21,200/t ex-works with taxes. With transaction prices between RMB 21,000~21,100/t, prices in other production regions lifted accordingly.…
Domestic Mg Prices to Stop Falling Next Week
04/08/23 | Magnesium
Asian Metal News Mainstream magnesium prices fell by RMB 350/t to RMB 20,850~21,100/t ex-works on Thursday, led by tepid demand. Looking forward to next week, industrial commentators forecast prices to stop falling following improved demand. A northern smelter sold 62 t of magnesium ingot at RMB 21,300/t last Thursday, an…
