Domestic Mg Prices Rebound to RMB31,000/t
10/11/21 | Magnesium
China Nonferrous Metals News 5th November: Mainstream primary magnesium ingots were being quoted at RMB32,000~33,000/t in Fugu Shaanxi, with mainstream transaction prices at RMB31,000/t, bouncing up by RMB4,000/t from a low position last week. Domestic magnesium smelters face shrinking profits led by strong production costs. Market analysts project domestic magnesium…
Domestic Mg Prices Continue to Fall
04/11/21 | Magnesium
Shanghai Nonferrous Metals New 3rd November 2021: Mainstream magnesium prices were being quoted at RMB28,500~29,500/t ex-works (with taxes) in Fugu Shaanxi, down by RMB3,000/t from yesterday. In Fugu, magnesium ingot transaction prices fell to RMB29,000/t. According to an internal source, the domestic market remains weak with few transactions. Magnesium producers…
Qinghai Salt Lake: 5 ktpy Mg/Al Alloy Project at Ma’anshan, Anhui
02/11/21 | Magnesium
Shanghai Nonferrous Metals News Qinghai Salt Lake announced that Telimei Magnesium – a subordinate company will – develop a 5 ktpy magnesium and aluminium alloy new material project in Ma’anshan, Anhui province. Qinghai Salt Lake plans to develop magnesium and aluminium projects outside of Qinghai to ensure a complete industrial…
Domestic Mg Prices Continue to Fall
02/11/21 | Magnesium
Asian Metal News Domestic magnesium prices slumped by approximately RMB13,000/t last week in the wake of falling prices of coal and FeSi, weaker downstream demand and fierce price competition among peers. This Monday, the sharp downward magnesium price curve eased after falling by RMB3,000/t from last Friday and stabilized at…
Domestic Mg Prices Soar to RMB41,751/t in September
15/10/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared to RMB41,751/t in September, up by 229% m-o-m. The average magnesium prices from January to September 2021 grew by 51.26% y-o-y to RMB20,424/t. The ‘dual control’ policy as well as power rationing implemented in major magnesium producing provinces has led to suspensions…
China Produces 494.1 kt of Mg from Jan. to July. 2021
16/09/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 494.1 kt of primary magnesium during the first seven months of 2021, up 4.55% y-o-y. Of the total, magnesium production in Shaanxi was 344.2 kt, Shanxi 68.7 kt and Ningxia 13.4 kt, up 12.3%, up 0.58% and down 50.35% y-o-y respectively. Domestic magnesium…
Domestic Mg Prices Rally
08/09/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rallied recently, driven by rising coal and FeSi prices along with tightening supply at smelters. Mainstream magnesium prices were being quoted at RMB30,500~31,000/t ex-works with taxes in Fugu Shaanxi last Friday, with some transactions closed at RMB30,500/t, an increase of RMB4,500/t w-o-w. Between…
China Mg Association: Collective Move for Healthy Development
30/08/21 | Magnesium
Sohu News Domestic coal prices have surged by 83% from RMB600/t in early 2021 to RMB1,100/t and FeSi prices have increased by 75% from 5,700/t to RMB10,000/t; rapidly rising raw material costs which have boosted magnesium production costs by approximately RMB10,000/t during 2021. In addition, with industrial policy/environmental pressures continuing…
Domestic Mg Prices Increase
24/08/21 | Magnesium
Cnfeol News The price of domestic magnesium rose rapidly on Monday, up by RMB700/t from last Friday. Magnesium ingot prices (99.9% Mg) at Fugu Shaanxi were being quoted at RMB23,000~23,200/t with transaction prices settled at RMB22,900~23,000/t (by cash with taxes) on Monday. In Yuncheng, Shanxi, magnesium ingot prices (99.9% Mg)…