Domestic Mg Prices on the Rise
26/07/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices rose by RMB 200/t from Monday and was up by RMB 400/t from last Friday to RMB 21,100~21,500/t on Wednesday. Industrial commentators forecast domestic magnesium prices to rise further this week. According to a spokesperson from a northern smelter, “We sold 31 t…
NDRC: Guarantee of Power Supply for Summer Peak Consumption
19/07/23 | Magnesium
Cnal News NDRC: With coal inventory at national-level coordinated power plants reaching a record high of 199 mln t, there is strong support to implement summer peak power consumption in 2023. In H1 2023, power generated by large power plants for industrial use reached 4,168 bln kWh, a y-o-y increase…
Domestic Mg Prices Edge Down Slightly
19/07/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices have fallen by RMB 200/t from last Friday to RMB 20,700~21,000/ this week. In light of weaker demand and cautious sentiment, industry commentators forecast prices to trend down slightly this week. The news of NDRC including new and expansion magnesium projects on the…
NDRC: “Industrial Structure Adjustment Guidance Catalogue” (2023, Draft)
17/07/23 | Magnesium
NDRC The NDRC (National Development and Reform Commission) recently released the “Industrial Structure Adjustment Guidance Catalogue (2023, Draft)”, comprising three categories: encouraged, restricted, and to be eliminated. Relevant aluminium projects in the “restricted” list of the 2023 draft include: New projects and expansion primary aluminium projects (except for capacity replacement…
Shanxi Wulong Mg Smelter Cuts Mg Production
14/07/23 | Magnesium
Asian Metal News Shanxi Wulong magnesium smelter cut its daily production from 90 t to 65 t in early July and the company expects 1,950 t of production in July, down by 800 t from June. According to an internal source, the company has curbed operations amid workers shortages at…
Domestic Mg Prices Stop Falling
12/07/23 | Magnesium
China Nonferrous Metals News Domestic magnesium prices stopped falling and trended up slightly to RMB 21,000/t last week following improved coal prices and stronger export demand. Mainstream magnesium prices were being quoted between RMB 20,700~21,000/t with settlement prices at approximately RMB 20,700/t in Fugu Shaanxi. Prices in other producing regions…
Bada Mg to Ramp up Operations in July
28/06/23 | Magnesium
Asian Metal News Shanxi Bada Magnesium prices are set to increase with magnesium production in July to 2.4 kt up by 0.9 kt m-o-m. The company started vertical retort retrofitting in December 2022 amid a low market and in response to the requirements of industry upgrading, seeing its monthly production…
Shanxi New Energy Resumes Mg Smelting
26/06/23 | Magnesium
Asian Metal News Shanxi New Energy halted operations for maintenance on 1st June and is set to resume operations on 26thJune 2023 driven by recovering prices. In view of poor demand, the company started maintenance in early June and is set to resume operations on 26th June with daily production…
Domestic Mg Prices under Pressure in June
21/06/23 | Magnesium
China Nonferrous Metals News 16th June: Magnesium prices were being quoted at RMB 20,200~20,300/t in Fugu Shaanxi with mainstream transaction prices at RMB 20,200/t down by RMB 200/t from last week and prices in other regions fell accordingly. During the first two weeks of June, domestic magnesium prices have been…
