Mg Transactions Slow
31/03/23 | Magnesium
Asian Metals News Mainstream domestic magnesium prices have been stable at RMB 20,200~20,500/t this week led by continuing weak demand and smelters had no intention of selling at low prices. A northern magnesium buyer bought 31 t of magnesium at RMB 19,900/t last Friday and made another deal on Monday…
Domestic Mg Prices Rebound from Low-end
29/03/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices rebounded by RMB 300/t from last Friday to RMB 20,200~20,500/t on Monday as several domestic smelters cut or suspended operations last week, however, with continued lackluster demand, transaction were sparse. Industry participants expect prices to remain stable at the current level until this…
YunHai Metals: 100 ktpy Mg Project in Wutai Xinzhou Shanxi
28/03/23 | Magnesium
China Nonferrous Metals News Backed by total investment of RMB 3.2 bln, Yunhai Magnesium’s 100 ktpy integrated magnesium project began construction in August 2022 at Wutai, Xinzhou. At present, the phase II development is progressing smoothly, and is expected to be completed in July 2024. The project is an integrated…
Two Mg Smelters in Fugu Suspend Operations
27/03/23 | Magnesium
Asian Metal News Fugu Jinwangtong Magnesium smelter is set to suspend magnesium smelting and run maintenance in late March 2023. As yet, the date of resumption is undecided. According to an internal source, the company has been mired in loss for several months and in view of continuing weak demand,…
Fugu Xintian Mg Suspends Operations
22/03/23 | Magnesium
Asian Metal News Fugu Xintian magnesium smelter is set to suspend smelting on 26th March, 2023 and the date of resumption is undecided. According to an internal source; “We have been mired in loss for four months since December 2022 due to low prices and slow sales of semi-coke together…
Yunhai Metals: 300 ktpy Mg Project at Qingyang Anhui Progressing
15/03/23 | Magnesium
Shanghai Nonferrous Metals News The construction of Yunhai Metals’ primary magnesium (300 ktpy) and magnesium alloy project (300 ktpy)is progressing smoothly at Qingyang County, Anhui. Construction is being carried out in areas of primary magnesium, magnesium alloy, alloy deep processing, and transportation corridors. Once the Qingyang project completes, it will…
Domestic Mg Market Appears Flat
14/03/23 | Magnesium
Asian Metal News Mainstream magnesium prices are currently stable at RMB 20,400~20,700/t ex-works by cash, remaining unchanged from last Thursday. In view of continued sluggish demand, transactions were few this week. A northern smelter is quoting at RMB 20,500/t ex-works by cash but concluded no deals this week. The smelter…
Mg Exports Slow, Prices Fall
07/03/23 | Magnesium
Asian Metal News 7th March: Mainstream magnesium export prices fell to USD 3,080~3,130/t FOB China with taxes, down by USD 30/t from last Thursday and down by USD 130/t from last Monday, a result of sluggish global demand. In view of continuing weak demand and fierce competition among sellers, industry…
Domestic Mg Prices Fall
01/03/23 | Magnesium
Asian Metal News Mainstream magnesium price fell by RMB 100/t from last Thursday to RMB 21,200~21,500/t this week. The market appeared flat and buyers were cautious. Industry commentators forecast magnesium prices to continue weak in view of lackluster demand and strong sales interests of venders. A northern magnesium smelter cut…
