Shuntai Mg Smelter Suspends Operation
05/07/22 | Magnesium
Asian Metal News Shuntai magnesium smelter in Debao Shaanxi is set to suspend operations for maintenance for two weeks, starting from 20th July to 5th August 2022. The company produced 1.2 kt of magnesium in June and expects 800 t of magnesium production in July. It is reported that an…
Domestic Mg Prices Remain Weak
01/07/22 | Magnesium
Asian Metal News The domestic magnesium market remained flat this week led by sluggish demand from titanium sponge producers. Mainstream magnesium prices fell to RMB 27,200~27,500/t (99.95% grade) today, down by RMB 600/t from last Monday. A magnesium smelter in northern China reduced its quotes to RMB 27,200/t this week…
Domestic W Prices Rebound Slightly
28/06/22 | Tungsten
Shanghai Nonferrous Metals News At the beginning of the week, wolframite concentrate (55% WO3) prices in Jiangxi were being quoted RMB 106,000~107,000/t, and APT prices were RMB 167,000~168,000/t in Jiangxi. Most buyers were cautious and no transactions were concluded. Backed by strong production costs and shrinking supply caused by continuing…
Domestic Mg Prices Stable at the Low End
28/06/22 | Magnesium
China Nonferrous Metals News 24th June: Mainstream primary magnesium was being quoted at RMB 25,500/t (ex-work, with taxes), with some transactions closing at RMB 25,200/t, holding stable w-o-w. Magnesium prices in other producing regions also remained stable. Industry commentators forecast magnesium prices to be under pressure over the short term…
China Produced 394.9 kt of Mg from January to May 2022
24/06/22 | Magnesium
China Nonferrous Metals News CNIA: China produced 394.9 kt of magnesium during the first five months of 2022, of the total, 245.1 were from Shaanxi and 86.5 kt were from Shanxi. Shaanxi produced 43.6 kt of magnesium in May, down by 14.84% m-o-m and Shanxi’s May production were 17.9 kt,…
China’s Mg Export Prices Stable
23/06/22 | Magnesium
Asian Metal News Mainstream magnesium export prices have been stable at USD 3,970~4,070/t FOB China (with taxes) or USD 3,800~3,900/t FOB China (without taxes) this week, keeping stable from last Friday. However, transactions were scarce, led by weakening global demand. Domestic smelters were firm on prices and industry commentators project…
China Imports 3.84 mln t of Ni Laterite in May
22/06/22 | Nickel
Shanghai Nonferrous Metals News China imported 3.84 mln t of nickel laterite in May 2022, up by 54.73% m-o-m and up by 4.59% y-o-y. Nickle laterite supply from the Philippines, the largest supplier to China increased gradually in May, up by nearly 80% m-o-m but still showing a decline from…
Major W Producers Reduce Long-term Contract Prices
21/06/22 | Tungsten
China Commodity Marketplace Zhangyuan Tungsten released its long-term contract prices for the second-half of June, with wolframite concentrate (65% WO3) prices at RMB 106,000/t, scheelite concentrate prices at (65% WO3) at RMB 104,500/t, both down by RMB 1,500/t from the previous term. Zhangyuan also reduced its APT prices by RMB…
Domestic W Market Stagnates
17/06/22 | Tungsten
China Commodity Marketplace The domestic tungsten concentrate market appears stagnated with concentrate venders holding firm on prices and downstream buyers cautious. Mainstream wolframite concentrate (65% WO3) prices were stable at RMB 108,000~109,000/t, scheelite concentrate (65% WO3) prices were RMB 107,000~108,000/t and tungsten concentrate (50~55% WO3) prices were RMB 104,000~107,000/t. Domestic…