Domestic Mg Prices Rebound
24/02/23 | Magnesium
Shanghai Nonferrous Metals News 23rd February: Domestic magnesium prices in Fugu Shaanxi have stopped falling and rebounded to RMB 21,200/t level, with some high-level quotes at RMB 21,500/t. The rapid rise in prices can be attributed to shrinking coal supply caused by safety checks at open-pit coal mines in Inner…
Domestic Mg Prices Slide
22/02/23 | Magnesium
China Nonferrous Metals News As of 17th February, mainstream magnesium prices were being quoted at RMB 21,100~21,200/t ex-works by cash with taxes in Fugu Shaanxi, while mainstream transactions prices were RMB 21,000~21,100/t, down by RMB 700/t from a week ago, and down by RMB 1,000/t from the highest point after…
Domestic Mg Prices under Pressure
20/02/23 | Magnesium
Shanghai Nonferrous Metals News Domestic magnesium prices were under pressure last week led by falling raw material prices and relatively weak downstream demand. As of last Friday, mainstream magnesium prices fell by RMB 700/t w-o-w to RMB 21,000~21,100/t in Fugu, with numerous low-end quotations emerging on the market.
Domestic Mg Prices under Pressure
15/02/23 | Magnesium
Asian Metal News Mainstream magnesium prices dropped moderately by RMB 100/t from last Friday to RMB 21,600~21,900/t ex-works by cash this week, driven by weaker prices of coal and FeSi together with sluggish demand. A northern smelter sold 100 t of magnesium at RMB 21,800/t (ex-work by cash) last Tuesday…
China Mg Exports Slow
09/02/23 | Magnesium
Asian Metal News Mainstream magnesium export prices have been stable at USD 3,360~3,410/t FOB China with taxes or USD 3,330~3,380/t FOB China without taxes, holding stable from early this week. In view of weak demand on the global market and stagnating domestic magnesium prices, industry commentators forecast magnesium export prices…
Domestic Mg Transactions Slow
08/02/23 | Magnesium
Asian Metal News The domestic magnesium market appears flat with limited transactions this week, seeing prices at RMB 21,900~22,200/t ex-works by cash, holding stable w-o-w. Industry commentators forecast prices to keep stable at the current level next week with a moderate rebound in transactions. A northern smelter quoted at RMB…
Domestic Mg Prices Edge up Slightly
11/01/23 | Magnesium
Asian Metal News Mainstream magnesium prices have risen slightly by RMB 100/t from last Friday and are up by RMB 300/t from last Monday to RMB 21,800~22,100/t ex-works by cash this Tuesday. In view of smelters’ strong will to prop prices, domestic magnesium prices are likely to trend up slightly…
Domestic Mg Prices Stable at Low-end
23/12/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices were stable at RMB 21,400~21,700/t this week, led by lackluster demand. A northern magnesium smelter sold 62 t of magnesium at RMB 21,500/t on Monday and sold an additional 100 t at the same price today. It turned down an offer from a…
Fugu Taida Mg Resumes Operation
20/12/22 | Magnesium
Asian Metal News Fugu Taida magnesium smelter resumed operations on 12th December with daily production at 90 t after the COVID-Zero policy lifted in Shaanxi. According to an internal source, “We cut our daily production to 50 t per day in late November led by production costs exceeding prices as…
