Domestic Mg Prices Rebound
14/06/22 | Magnesium
Shanghai Nonferrous Metals News Propped by strong raw material prices, mainstream domestic magnesium prices rebounded rapidly to RMB 26,500/t on Monday. However, downstream buyers remained watchful with sparse transactions this week. With the supply/demand scenario remaining unchanged at present, industry commentators project domestic magnesium prices to be stable at the…
China Produced 85.8 kt of Mg in May
10/06/22 | Magnesium
Shanghai Nonferrous Metals News China produced 85.8 kt of magnesium in May 2022, up by 1.95% m-o-m and 29.12% y-o-y. China’s total magnesium production during the first five months of 2022 reached 422.4 kt, up by 26.36% y-o-y. Magnesium smelters in IM and Xinjiang increased operations in May after environmental…
Domestic Mg Prices on the Decline
07/06/22 | Magnesium
Shanghai Nonferrous Metals News 6th June: Mainstream magnesium quotations continued to drop today, falling by RMB 1,000/t from last Thursday to RMB 26,500~27,000/t in Fugu, Shaanxi. With a surplus market and falling magnesium prices for more than a month, downstream buyers have been wary about restocking. In the wake of…
Fugu Jujinbang Suspends Mg Production
01/06/22 | Magnesium
Asian Metal News Jujinbang, a magnesium smelter in Fugu, Shaanxi, suspended magnesium smelting for circuit maintenance on 30th May and plans to restart on 10th June. Designed with 20 ktpy magnesium capacity, the company produced 1 kt of magnesium in May with its June production estimated at 800 tonnes. It…
Shenmu Xinqing Suspends Mg Production
31/05/22 | Magnesium
Asian Metal News Shenmu Qinqing suspended magnesium smelting on 25th May, due to a lack of required environmental assessments. The company is working to accelerate the process but a date for resuming production is uncertain. The company is set to produce 1,560 t of magnesium in May, down by 200…
Yunhai Metals: Acquisition of Dolomite Resources
27/05/22 | Magnesium
Asian Metal News 22nd May, Yunhai Metals announced that the company has acquired the mining rights to some dolomite resources at Qingtaishan mine, Chaohu, Anhui at RMB 365 mln via its subordinate Anhui Chaohu Yunhai Magnesium Co. Ltd. After this acquisition, Anhui Chaohu Yunhai Magnesium will increase its dolomite resources…
Domestic Mg Prices Fall
26/05/22 | Magnesium
China Nonferrous Metals News 20th May: Mainstream magnesium prices were being quoted at RMB 33,000/t (ex-work with taxes) in Fugu Shaanxi, with several transactions closing at RMB 32,500~33,000/t, down by RMB 4,000/t from a high point a week ago. Magnesium smelters in other producing regions followed suit and tuned down…
Domestic Mg Prices Slide
20/05/22 | Magnesium
Asian Metal News Domestic magnesium prices have been on the decline amid a sluggish market, falling by RMB 2,000/ from last Thursday to RMB 33,000~34,000 this week. Given a strong watchful attitude from downstream buyers and increased selling intentions from smelters, industry commentators forecast domestic magnesium prices to fall further…
Domestic Mg Prices Rebound
17/05/22 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices at Fugu Shaanxi were being quoted at RMB 36,000/t (ex-work by cash with taxes) with mainstream transaction prices at RMB 35,000~36,000/t, rebounding by RMB 3,000/t from a low point a week ago. Following the price uptick, magnesium prices in…