Ni Laterite Prices Rise Slightly on Tighter Supply
24/10/22 | Nickel
Shanghai Nonferrous Metals News 21st October: Nickel laterite inventories at Chinese ports rose by 328 kt w-o-w to 8.26 mln t (WMT), converting to 65 kt of nickel metal. Nickel laterite inventories at China’s major seven ports rose by 118 kt to 4.47 mln t (WMT) this week. Nickel laterite…
Shaanxi Weitian Tengda Suspends Mg Production
21/10/22 | Magnesium
Asian Metal News Shaanxi Weitian Tengda Magnesium suspended operation on 12th October and intends to resume in late October. After suspending operation, Shaanxi Weitian Tengda started maintenance in the wake of shrinking coke gas supply, weakening demand and falling prices after the National Day holiday. The company is set to…
Domestic Mg Prices Rebound
20/10/22 | Magnesium
Asian Metal News Domestic magnesium prices rose by RMB 200/t from last Wednesday to RMB 24,800~25,100/t on 20th October, after the announcement from the local authority of Fugu Shaanxi regarding a 50% capacity cut of 432 local semi-coke furnaces which have sole-furnace capacity of less than 75 ktpy. In anticipation…
Domestic Mo Prices Surge
18/10/22 | Molybdenum
China Commodity Marketplace Mainstream molybdenum concentrate prices rose by RMB 20/mtu to RMB 3,320~3,330/mtu for standard grade and RMB 3,340~3,380/mtu for high grade concentrates. Domestic molybdenum prices have surged to a 14 year high point, and are expected to hold steady at high levels over the short term. Mainstream domestic…
Domestic Mg Prices Trend Down Slightly
18/10/22 | Magnesium
Asian Metal News The domestic magnesium market has been flat recently with slowing transactions and declining prices. Mainstream transaction prices dropped by RMB 100/t from last Friday to RMB 24,800~25,100/t today with smelters having to compromise on prices to facilitate sales. In view of continuing sluggish demand and smelters’ increasing…
China September NPI Production: 81.6 kt
17/10/22 | Nickel
Shanghai Nonferrous Metals News China produced 31.5 kt of NPI (in Ni metal) in September 2022, up by 6.67% m-o-m and up by 2.53% y-o-y. The demand for NPI increased rapidly led by increasing orders from stainless steel mills in the wake of rising prices of stainless steel. High-NPI production…
Domestic Mg Prices Stable
17/10/22 | Magnesium
Asian Metal News Mainstream magnesium prices currently stand stable at RMB 24,900~25,200/t, up by RMB 200/t from last Friday following increased FeSi prices and smelters’ strong will to prop prices. In anticipation of strong raw material prices and relatively stable demand, industry commentators forecast domestic magnesium prices to continue firm…
China September Mg Production: 81.6 kt
17/10/22 | Magnesium
Shanghai Nonferrous Metals News China produced 81.6 kt of primary aluminium in September 2022, up by 10.57% m-o-m and up by 62.07% y-o-y. China’s total magnesium production during the first nine months of 2022 reached 728.8 kt, up by 28.15% y-o-y. SMM data shows that monthly magnesium production in September…
Domestic Mg Prices Climb
13/10/22 | Magnesium
Asian Metal News Domestic magnesium prices climbed slightly this week to RMB 24,9000~25,200/t ex-work by cash and up slightly by RMB 200/t from last Friday driven by rising coal prices, slower logistics of FeSi in IM caused by increasing COVID numbers and steady demand after the holiday. Industry commentators forecast…
