Shanshan: RMB 8.216 bln of Operating Revenue in 2020
08/04/21 | EV
Shanghai Nonferrous Metals News Shanshan’s 2020 annual report showed total operating revenue of the company was RMB 8.22 bln in 2020, a y-o-y decrease of 5.35%; but the net profit attributable to shareholders of listed companies was RMB 138 mln, a y-o-y increase of 48.85%. By end-2020, Shanshan had 60…
CNNC Raises TiO2 Pigment Prices
07/04/21
Asian Metal News CNNC (Hua Yuan Titanium Dioxide Co.) increased its TiO2 pigment prices by RMB1,000/t in the domestic market and by USD150/t for exports. All prices are ex-works with taxes. Source
Domestic Mg Prices Stop Falling and Rebound
07/04/21 | Magnesium
China Nonferrous Metals News 1st April 202: Backed by rising coal prices and shrinking magnesium stock, most domestic magnesium smelters raised their quotations, halting the downward trend of the last two weeks. As of 2nd April, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB15,400~15,500/t, with mainstream transaction…
Tin Smelters Suspend Operations amid Environmental Checks in Gejiu, Yunnan
06/04/21 | Tin
China Commodity Marketplace Environmental inspection teams will be stationed in Honghe Autonomous State, Yunnan for a month from mid-April while they perform environmental checks and inspections. As a direct result, some local small-medium size tin smelters will halt operation for approximately 10 days, curbing production of refined tin by 1.2…
China Produces 2.95 bln Li Batteries January/February
06/04/21 | EV
Shanghai Nonferrous Metals News China produced 2.95 billion lithium-ion batteries in January and February 2021, up by 108% y-o-y. The output of lead-acid batteries was 40.85 mln KVAh, up 88.7% y-o-y. The output of primary batteries and primary battery packs (non button) was 6.15 billion, up 54.9% y-o-y. China’s power…
Domestic W Market Rebounds
02/04/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate holders were keen to shore up prices this week, with some making tentative high quotations. Mainstream wolframite (65% WO3) is being quoted at RMB92,000~94,000/t, scheelite (65% WO3) prices are RMB91,000~93,000/t and tungsten concentrate prices (50~55% WO3) are RMB89,000~91,000/t, all describing a slight upward trend.…
Shanxi New Energy Mg Suspends Operation
02/04/21 | Magnesium
Asian Metal News Shanxi New Energy Magnesium smelter suspended magnesium production on 2nd April 2021 due to an upgrade to rotary kilns. The company is set to restart on 15th April, consequently its April production is estimated at 300 t down by 300 t m-o-m. Designed with magnesium capacity of…
China: Tariff Policies to Facilitate Decarbonation in Iron and Steel
01/04/21
Shanghai Nonferrous Metals News SMM: China is considering a raft of tariff policies to facilitate decarbonation in the iron and steel making industry. According to sources, the measures under consideration include: Reducing export tax rebates of some iron and steel products Reducing or canceling import tariffs on some iron and…
Domestic Mg Prices under Pressure
31/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices continued weak at end-March. As of 26th March, mainstream domestic magnesium prices had dropped to RMB15,200~15,300/t ex-works with taxes in Fugu Shaanxi. In Wenxi Shanxi, prices fell by RMB100/t w-o-w to RMB15,500 t ex-work with taxes. As of 25th March, domestic FeSi prices…