SMM: China Domestic Refined Tin – 13.94 kt in November
10/12/20 | Tin
Shanghai Nonferrous Metals News China produced 13.94 kt of refined tin in November 2020, down 5.75% m-o-m, a decline led by shrinking production from two large producers in southwestern China. Relocation of the Yunnan smelter is underway, but the new plant is not yet fully operational. The Guangxi smelter has…
Domestic Mg Prices Continue to Rise
08/12/20 | Magnesium
Shanghai Nonferrous Metals News Buoyed by surging FeSi prices, mainstream domestic magnesium transaction prices continued to rise, increasing by RMB500/t from last Friday to RMB14,600~14,700/t on Monday in Fugu Shaanxi, with some high level quotations at RMB15,000/t. FeSi prices surged after the announcement of a 3-month production cut period during…
Domestic Mg Prices on the Rise
07/12/20 | Magnesium
Asian Metal News Domestic magnesium prices lifted further this week driven by rising FeSi and coal prices. Mainstream magnesium prices are currently standing at RMB14,200~14,500/t, up by RMB200/t from last week. Most domestic magnesium smelters are intending to increase their quotes further and downstream buyers are adhering to their procurement…
Zhangyuan W Suspends APT Production
07/12/20 | Tungsten
Asian Metal News Jiangxi Zhangyuan Tungsten suspended APT production in mid-November in the wake of strong concentrate prices narrowing margins for APT producers. A date to resume operations has yet to be decided. According to a company representative; ‘We are working on long-term contracts and some APT tolling business at…
TiO2 Pigment Prices on the Rise
04/12/20
Shanghai Nonferrous Metals News 2nd December: CNNC Titanium Dioxide Co., Ltd announced it will increase the sales price of all types of titanium dioxide from their existing levels by RMB600/t for domestic buyers and USD100/t for overseas buyers. Following CNNC, some other TiO2 pigment producers will also increase their sales…
Domestic W Market Rebounds Slightly
02/12/20 | Tungsten
China Commodity Market Place The domestic tungsten market saw some positive momentum this week, with tungsten concentrate holders and traders remaining firm on prices. As of end November, mainstream wolframite (65% WO3 grade) prices rose to RMB 85,000~86,000/t, scheelite (65% WO3 grade) prices rose to RMB 84,000~85,000/t and tungsten concentrates…
Chalukou Moly Mine in Heilongjiang
01/12/20 | Molybdenum
China Nonferrous Metals News Chalukou molybdenum mine, located in Songling District, Daxing’anling City, Heilongjiang, is a large molybdenum mine under construction by Heilongjiang Jinxin Mining Co., Ltd., (controlled by Yunnan Chihong Zinc Germanium Co., Ltd). With a total resource reserves of 1.76 mln t (in Mo metal), it will be…
Domestic Mg Prices Edge Down
30/11/20 | Magnesium
Shanghai Nonferrous Metals News This week (23~29, November), total transaction volume and domestic magnesium prices drifted down during the week. As of last Friday, domestic primary magnesium (99.9% Mg) prices were being quoted at RMB13,300~13,400/t, with mainstream transactions settling at RMB13,350/t in Fugu Shaanxi. However, mainstream transaction prices were RMB13,600~13,800/t…
Ni Laterite Prices to Fall Further
30/11/20 | Nickel
Shanghai Nonferrous Metals News NPI prices have continued to fall, leading most domestic NPI smelters into loss. Most domestic NPI smelters are currently inclined to cut operations and reduce nickel laterite prices further. As of today, some Philippine nickel laterite (1.3% Ni grade) deals had been concluded at USD51/t (WMT),…