Domestic Mg Transactions on the Rise
05/05/22 | Magnesium
Asian Metals News Domestic magnesium transactions were on the rise after prices stopped falling and stabilized on Monday, 2nd May. With buyers becoming more active, mainstream magnesium transactions prices stood at RMB 35,000~36,000/t, continuing stable from late last week, but down by RMB 2,000/t from last Monday. Some Shaanxi smelters…
China Mg Exports Prices to Fall Further
28/04/22 | Magnesium
Asian Metal News China’s magnesium exports slowed in the wake of weaker global demand and a gloomy outlook going forward. Declining magnesium prices on the domestic market in conjunction with higher USD/RMB exchange rates has driven mainstream magnesium export prices back to USD 5,900~6,000/t FOB China with taxes, down by…
Wulong Mg: Smart 5G Pellet Feeder Operational
28/04/22 | Magnesium
Net Ease News Wulong magnesium smelter at Yuanqu Shanxi set a smart 5G pellet feeder on track in its No. 2 magnesium reduction workshop and put it into trial operation. The new pellet feeder is a major technological achievement by Wulong magnesium and Taiyuan Technology University. The technology will minimize…
China Produces 1.04 mln t of TiO2 Pigment in Q1 2022
26/04/22
China Nonferrous Metals News China produced 1.04 mln t of TiO1 pigment in Q1 2022, up by 106.7 kt or 11% y-o-y. During Q1 2022, domestic TiO2 pigment prices have been stable with a slight upward trend. Rutile titanium TiO2 pigment prices averaged RMB 19,500~21,000/t during Q1 2022, up by…
Domestic Mg Prices Rebound
26/04/22 | Magnesium
China Nonferrous Metals News Weakening downstream demand pushed magnesium prices down to RMB 34,000/t at the beginning of last week. However, the news of magnesium ‘stockpiling’ suppressed the trend and has propped magnesium prices since last Wednesday. As of 22nd April, mainstream magnesium prices were being quoted at RMB 38,000/t…
Zhangyuan Tungsten:2021 Net Profits up by 343.84% y-o-y
25/04/22 | Tungsten
Finance News Zhangyuan Tungsten’s 2021 annual report shows the company achieved an operating income of RMB 2.66 bln, an increase of 37.97% y-o-y. Net profit attributable to shareholders of listed companies was RMB 165 mln, an increase of 343.84% y-o-y. Ganzhou Aoketai, a subordinate of Ganzhou Jiangxi, achieved operational revenue…
China Imports 430 kt of NPI in March
25/04/22 | Nickel
Shanghai Nonferrous Metals News China imported 430 kt of NPI in March 2022, up by 32.53% m-o-m and up by 28.61% y-o-y, led by steady production from China-Indonesian JV NPI projects. Converted to figures in nickel metal, China imported 63 kt of NPI (in Ni metal) up 26.47% m-o-m and…
China Produces 239 kt of Mg in Q1 2022
22/04/22 | Magnesium
Asian Metal News China produced 83.3 kt of magnesium in March 2022, up by 3.67% m-o-m and up by 15.46% y-o-y. China produced 239 kt of magnesium in Q1 2022, up by 14.02% from 210 kt from the same period last year. For the top three magnesium producing provinces of…
Domestic Mg Prices under Pressure
20/04/22 | Magnesium
China Nonferrous Metals News Domestic magnesium prices trended down slightly last week under pressure from slower logistics and weaker demand. As of 15th April, mainstream magnesium transaction prices in Fugu Shaanxi dropped by RMB 3,000/t to RMB 36,000~36,500/t in a week, with prices in other magnesium producing regions falling as…