Domestic Mg Prices Rebound
13/08/21 | Magnesium
Shanghai Nonferrous Metals News Domestic magnesium prices continue to rise on shortening spot supply, seeing mainstream magnesium prices lifting to RMB22,000/t ex-works in Fugu Shaanxi. Downstream buyers have been actively restocking, consequently boosting domestic magnesium prices to a high point for 2021.
Domestic Mg Prices Trend up
05/08/21 | Magnesium
China Nonferrous Metals News As of 30th July, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB21,000/t in Fugu, Shaanxi, with mainstream transaction prices standing at RMB20,800~20,900/t, up by RMB800~900/t from last week. In Wenxi, Shanxi, magnesium prices were being quoted at RMB 21,000~21,100/t. In July, domestic magnesium…
China’s July Mg Production at 62.8 kt
02/08/21 | Magnesium
Shanghai Nonferrous Metals News SMM: China produced 62.8 kt of primary magnesium in July 2021, down by 15.9% m-o-m, but an increase of 0.88% y-o-y. China produced 498.4 kt of primary magnesium during the first seven months of 2021, up by 9.17% y-o-y.
Domestic Mg Prices Drop Slightly
29/07/21 | Magnesium
China Nonferrous Metals News As of 23rd July 2021, mainstream magnesium prices were being quoted at RMB20,300~20,400/t in Fugu Shaanxi with transactions settling at RMB20,200~20,300/t. In Wenxi Shanxi, transaction prices were RMB20,500~20,600/t, a decline of RMB200/t from last week. All prices were ex-works with taxes in cash.
Domestic Mg Prices Edge up Moderately
20/07/21 | Magnesium
Shanghai Nonferrous Metals News Buoyed by increasing new order prices, mainstream magnesium quotations at Fugu Shanxi climbed by RMB300/t from last Friday to RMB20,500/t, but no transactions were concluded. Rising coal and FeSi prices have propped magnesium production costs recently. Meanwhile, holding limited stocks, domestic magnesium smelters intend to hold…
Domestic Mg Prices Rise Slightly
14/07/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded slightly this week, driven by increasing environmental pressures. As of 9th July, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB19,300~19,400/t in Fugu, Shaanxi, with mainstream transaction prices standing at RMB19,300/t. In Wenxi, Shanxi, magnesium prices were being quoted at…
Fugu Shengxin Halts Mg Production
06/07/21 | Magnesium
Asian Metal News Fugu Shengxin Magnesium suspended magnesium production on 3rd July as a result of hot weather, furnace upgrades and increased environmental pressures. The company plans to run maintenance of 20 days and intends to resume normal operations with daily output of 30 t by end-July. Designed with 20…
China Produces 288.3 kt of Mg from Jan. to April
23/06/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 288.3 kt of magnesium during the first four months of 2021, up by 11.3% y-o-y. Of the total, magnesium production was 197 kt in Shaanxi, 37.3 kt in Shanxi and 14.1 k tin Ningxia, an increase of 17.29%, but a decrease of 1.14%…
Production Cuts for Shaanxi Mg Smelters
22/06/21 | Magnesium
Shanghai Nonferrous Metals News Several magnesium smelters in Shenmu and Fugu Shaanxi have decided to run maintenance in late June amid pressures from environmental checks and difficulties with sourcing coal. In addition, given shortening dolomite supply due to mining rectification work at Wutai Shanxi, domestic magnesium smelters intend to shore…