Fugu Jinchuan Mg Resumes Operation
16/12/22 | Magnesium
Asian Metal News Fugu Jinchuan magnesium smelter resumed operations on 12th December, with daily production at approximately 50 t and monthly production at 900 t during December. According to an inside source: “We suspended operations on 3rd December led by production costs higher than prices, weak prices and slow sales…
Domestic Mg Prices Slide
13/12/22 | Magnesium
Asian Metal News Mainstream magnesium prices fell by RMB 100/t from last Friday to RMB 22,000~22,300/t today, in view of excessive supply and continued lackluster demand. In light of this, industry commentators forecast domestic magnesium prices to remain at low levels this week. A northern smelter made a tentative quote…
China November Mg Production: 75 kt
12/12/22 | Magnesium
Shanghai Nonferrous Metals News China produced 75 kt of magnesium ingot in November 2022, down by 5% m-o-m and up by 14% y-o-y; China’s total magnesium production reached 881 kt, up by 27% y-o-y. Domestic magnesium prices fell in November amid weaker than expected demand. Mainstream magnesium prices in Fugu…
Domestic Mg Prices Steady at RMB 22,000/t
07/12/22 | Magnesium
Asian Metal News Domestic magnesium prices stopped falling and held at RMB 22,000~22,300/t on Tuesday, remaining stable from last Friday driven by production cuts of several Shaanxi smelters and improved interest in restocking from buyers. A northern magnesium smelter sold 62 tonnes of magnesium ingot at RMB 22,000/t today and…
Two Shaanxi Mg Smelters Curb Operations
06/12/22 | Magnesium
Asian Metal News Yulin Tianlong magnesium smelter curbed operations on 28th November, reducing its daily production from 85 t to 60 t. The company intends to produce 1.8 kt of magnesium ingot in December, down by 700 t m-o-m. According to an internal source, firm coal prices, weak prices and…
Domestic Mg Prices Fall Further
02/12/22 | Magnesium
Asian Metal News Mainstream magnesium prices have fallen rapidly by RMB 900/t from last Friday to RMB 22,100~22,400/t today led by a weak market and fierce price competition amongst smelters. A magnesium buyer in norther China bought 100 tonnes of magnesium at RMB 22,300/t on Tuesday and intends to buy…
Domestic Mg Prices Continue to Fall
29/11/22 | Magnesium
Asian Metal News Domestic magnesium prices fell further by RMB 500/t from last Friday to RMB 22,500~22,800/t today led by a weak market outlook and fierce price competition among smelters. A northern magnesium smelter sold 100 t magnesium at RMB 23,000/t last Friday and sold 100 tonnes more on Monday…
Domestic Mg Prices on the Decline
25/11/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell by RMB 300/t from last Friday to RMB 23,200~23,500/t ex-works by cash. A northern magnesium smelter sold 31 tonnes of magnesium at RMB23,200/t on Thursday, down by RMB 100/t from a 100 t deal it made on Tuesday. According to an industry…
China Produces 756.2 kt of Mg in January to October 2022
23/11/22 | Magnesium
China Nonferrous Metals News CNIA: China produced 756.2 kt of magnesium during the first ten months of 2022, up by 1.61% y-o-y. Of the total, production from Shaanxi was 468.1 kt and Shanxi was 168.4 kt, up by 2.72% and 3.76% respectively y-o-y. Shaanxi produced 45.1 kt of magnesium in…
