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…
Domestic Mg Prices Decline Slightly
16/06/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices fell slightly amid weakening downstream demand last week. As of 10th June 2021, mainstream magnesium prices were being quoted at RMB18,500/t ex-works, with transaction prices sitting at the same level in Fugu Shaanxi. In Wenxi Shanxi, prices were RMB18,700~18,000/t/t, falling by RMB500/t w-o-w.…
Domestic Mg Prices Rebound Rapidly
09/06/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded rapidly during the first week of June driven by increasing demand together with rising FeSi prices caused by policy-led smelter suspensions in Ningxia. As of 4 June, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB19,100~19,200/t, with mainstream transaction prices…
China Produced 69 kt of Mg Ingot in May
07/06/21 | Magnesium
Shanghai Nonferrous Metals News SMM: China produced 69.4 kt of magnesium ingot in May 2021, down by 4.11% m-o-m but up by 9.24% y-o-y. China produced 320 kt of primary magnesium during the first five months of 2021, up by 7.59% y-o-y. Source
