Domestic Mg Prices Slide
13/01/22 | Magnesium
Shanghai Nonferrous Metals News 12th January 2022: Mainstream primary magnesium (90% grade) is being quoted at RMB 47,000~48,000/t, down by RMB 1,500/t from Tuesday. Industry commentators forecast domestic magnesium prices to continue hovering around this level before the Chinese New Year holiday (1 February 2022) amid weaker price prospects.
Bao Steel Group: 300 ktpy Mg Alloy Project in Chizhou, Anhui
12/01/22 | Magnesium
China Nonferrous Metals News Backed by total investment of RMB14.8 bln from Bao Steel Group and Yunhai Metals, the Baomei 300 ktpy magnesium alloy project has been launched at Qingyang Economic Zone, Chizhou, Anhui, with project construction starting immediately. The project includes mining, ore processing, magnesium smelting and magnesium alloy…
Domestic Mg Prices on the Rise
05/01/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices soared by RMB 1,000/t from end-December to RMB 50,000~51,000/t today, driven by concerns about whether existing semi-coke making equipment will be phased out going forward. Industrial commentators project domestic magnesium prices to rise further over the short-term, given tightening semi-coke supply and rising…
Domestic Mg Prices Soar on Semi-coke Uncertainties
28/12/21 | Magnesium
Asian Metals News News released from MEE (Ministry of Ecology and Environment) on 22nd December, regarding environmental issues arising from the phase out of obsolete semi-coke capacity in Yulin, Shanxi has stirred the market with concerns of semi-coal/magnesium supply problems going forward. In response, domestic magnesium prices soared on 22nd…
Yulin Shaanxi: 474 kt Mg Production, January – November 2021
27/12/21 | Magnesium
Shanghai Nonferrous Metals News From January to November 2021, Yulin Shaanxi produced 501 mln t of coal, 29.26 mln t of coking coal, 485.5 kt of primary aluminium and 474 kt of primary magnesium, up 6.5%, down by 16.5%, down 5.8% and down by 5.2% y-o-y respectively.
China Exports 36.16 kt of Mg in November
22/12/21 | Magnesium
Shanghai Nonferrous Metals News China exported 36.16 kt of magnesium in November 2021, up by 48.6% m-o-m and up by 37.6% y-o-y. China exported 250 kt of magnesium from January to November 2021, up by 37.6% y-o-y.
Domestic Mg Prices Edge Down
21/12/21 | Magnesium
Shanghai Nonferrous Metals New Slowing transactions during the weekend leveraged down domestic magnesium quotation prices by RMB 500/t from last Friday to RMB 41,500~42,000/t today in Fugu Shaanxi. According to a local Fugu smelter, shrinking overseas orders prior to the Christmas holiday, absence of support from the futures market and…
Domestic Mg Prices on the Rise
15/12/21 | Magnesium
Asian Metal News Domestic magnesium prices trended up slightly by RMB1,000/t to RMB41,000~42,000/t on Tuesday, boosted by tighter supply caused by environmental audits underway in the major producing regions of Shaanxi and Ningxia. Industry commentators project domestic magnesium prices to keep steady or describe a slight uptick this week, given…
China Produces 744.2 kt of Mg from January to October 2021
14/12/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 744.2 kt of primary magnesium from January to October 2021. Of the total, 455.7 kt was produced in Shaanxi, 162.3 kt in Shanxi, 38 kt in IM and 65 kt in other regions of China. During November, domestic magnesium prices hovered between RMB…
