China Mg Exports Slow
10/05/22 | Magnesium
Asian Metal News China magnesium exports have slowed recently, amid lackluster overseas demand. However, China magnesium export prices have risen rapidly by USD 200/t to USD 5,750~5,850/t FOB China with taxes over the past few days. Industry commentators forecast magnesium export prices to be stable at the current level over…
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…
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…
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…
Domestic Mg Prices Remain Stable
13/04/22 | Magnesium
China Nonferrous Metals News Mainstream magnesium prices were being quoted at RMB 39,500~40,000/t last week, with most transactions closing at RMB 39,500/t. Domestic magnesium prices have been stable at RMB 40,000/t level for more than three weeks. Industry commentators forecast domestic magnesium prices to continue stable next week.
14th FYP for Fugu County, Yulin, Shaanxi
13/04/22 | Magnesium
China Nonferrous Metals News Fugu County of Yulin City, Shaanxi recently published its 14th FYP (2021~2025) for economy and social development. The plan maps out the county’s development goals through to 2025. Magnesium and magnesium alloy capacity is to grow to 1 mtpy, and a 100 ktpy magnesium circular economy…