Qinghai: Carbon Peak Implementation Plan
16/06/23 | Magnesium
Shanghai Nonferrous Metals News 14th June: Qinghai’s Carbon Peak Implementation Plan has been released. The Plan stipulates that added value of energy consumption pre unit of finished product of large industrial producers in 2025 is to decrease by 12.5% compared to the figure for 2020, while striving to reach a…
Domestic Mg Prices to Stable at Low-end
14/06/23 | Magnesium
China Nonferrous Metals News 9th June: Mainstream magnesium prices in Fugu Shaanxi were being quoted at RMB 20,500/t, with transaction prices at RMB 20,400~20,500/t, down by RMB 1,500/t from the previous Friday. Prices in other producing regions fell accordingly. As of today, magnesium prices have plummeted from a high point…
China Mg Production of 58 kt in May 2023
09/06/23 | Magnesium
Shanghai Nonferrous Metals News China produced 58 kt of magnesium in May 2023, down by 17.3% m-o-m and down by 32.7% y-o-y. China’s total magnesium production during the first five months of 2023 reached 327 kt, a sharp fall of 22.6% y-o-y. With the semi-coke furnace retrofitting policy being implemented…
Domestic Mg Prices Drop Slightly
06/06/23 | Magnesium
Asian Metal News Domestic magnesium prices fell by RMB 400/t from last Friday to RMB 21,300~21,800/t ex-work by cash this Monday, with the market appearing slow with weak demand and cautious buyers. One downstream buyer in northern China has received quotations at RMB 21,500/t ex-works by cash, but in view…
Domestic Mg Prices Rebound
02/06/23 | Magnesium
Asian Metal News Domestic magnesium prices bounced back to RMB 21,700~22,000/t ex-works by cash this week after a rapid fall of nearly RMB 1,000/t – led by falling raw material prices – last week. Industrial commentators forecast domestic magnesium prices to keep stable at the current level next week buoyed…
Domestic Mg Prices Remain Weak
25/05/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices dropped by RMB 1,200/t from last Friday to RMB 23,900~24,400/t by cash led by fierce price competition among sellers and cautious buyers. Industry commentators forecast domestic magnesium prices will continue to be weak, albeit with a smaller fall next week. A northern smelter…
Domestic Mg prices Slide in April
17/05/23 | Magnesium
China Nonferrous Metals News Domestic magnesium prices have been fluctuating between RMB 20,200~ 28,700/t in during April, with average monthly prices at RMB 24,038/t, down by 37% m-o-m. The average price during the first four months of 2023 was RMB 21,981/t, down by 48% y-o-y. The news of semi-coal furnace…
Fugu Jinwantong Suspends Mg Smelting
15/05/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter suspended operations on 10th May and has no plan to resume in the short term. The company produced 900 t of magnesium in May, down from 2.8 kt in April. According to an internal source, the company suspended operations in response to the…
Fugu Shaanxi: Plan for Semi-coke Retrofitting
12/05/23 | Magnesium
Asian Metal News 9th May: The local authority of Fugu Shaanxi called a meeting to push forward the implementation of retrofitting semi-coke furnaces. The meeting determined that local magnesium smelters must submit a plan and time schedule for semi-coke furnace retrofitting. All single semi-coke furnaces under 75 ktpy at Fugu…
