Domestic Mg Prices Rebound
03/06/21 | Magnesium
Shanghai Nonferrous Metals News Primary magnesium smelters in Fugu Shaanxi raised their quotes to RMB18,000~18,200/t recently, but no transactions were concluded at RMB18,000/t levels. Some local smelters reported increased quotations today. Buoyed by rising FeSi prices and limited stocks, smelters are keen to prop prices this week, resulting in a…
Domestic Mg Price Fall Rapidly
26/05/21 | Magnesium
China Nonferrous Metals News As of 21st May, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB18,000~18,500/t, with transaction prices sitting at RMB18,000/t. In Wenxi, Shanxi, magnesium prices were being quoted at RMB18,200/t, falling rapidly by RMB3,500/t in a week. With declining coal prices, domestic magnesium prices are…
Domestic Mg Prices Soar on Rallying Coal Prices
17/05/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared by approximately RMB800/t from last week to average RMB22,000/t driven by rising coal and FeSi prices, tightening supply and strong downstream demand. As of 14th May, 99.9% grade mainstream primary magnesium ingot transaction prices climbed to RMB21,500~21,800/t in Fugu, Shaanxi and RMB21,000~22,000/t…
Domestic Mg Prices Soar
13/05/21 | Magnesium
Asian Metal News 12th May 2021: Domestic magnesium prices soared by RMB800/t from Monday to RMB20,300~20,600/t driven by rising coal and FeSi prices, tightening supply and strong downstream demand. Downstream buyers were active, aiming to mitigate the risk of higher magnesium prices going forward, resulting in ample transactions this week.…
CNIA: Domestic Primary Mg Production 147.3 kt in Jan./Feb.
07/05/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 147.3 kt of primary magnesium during January and February, up by 23.87% y-o-y in comparison with the same period last year. Of the total figure, output in Shaanxi was 99.3 kt and in Shanxi 19.1 kt, up by 22.33% and 20.48% y-o-y respectively.…
Domestic Mg Prices Continue to Rise
22/04/21 | Magnesium
Shanghai Nonferrous Metals News 22 April 2021: Domestic magnesium prices have continued on an upward trend for six days and reached RMB16,500/t; domestic magnesium smelters are holding firm on prices due to low inventories. However, downstream users have been cautious in placing new orders in the wake of rising prices.…
Fugu Shengxin Increases Mg Production
15/04/21 | Magnesium
Shanghai Nonferrous Metals News Shengxin Magnesium Co. Ltd increased magnesium production in April 2021 with daily output of 40 t and the company expects to produce 1.2 kt of magnesium in April 2021. Mainstream magnesium prices (95% Mg grade) are currently at RMB15,850 ~ 16,050/t (ex-works) in Fugu Shaanxi and…
Domestic Mg Prices Stop Falling and Rebound
07/04/21 | Magnesium
China Nonferrous Metals News 1st April 202: Backed by rising coal prices and shrinking magnesium stock, most domestic magnesium smelters raised their quotations, halting the downward trend of the last two weeks. As of 2nd April, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB15,400~15,500/t, with mainstream transaction…
Shanxi New Energy Mg Suspends Operation
02/04/21 | Magnesium
Asian Metal News Shanxi New Energy Magnesium smelter suspended magnesium production on 2nd April 2021 due to an upgrade to rotary kilns. The company is set to restart on 15th April, consequently its April production is estimated at 300 t down by 300 t m-o-m. Designed with magnesium capacity of…
