Domestic Mg Prices under Pressure
10/03/21 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices have been under pressure on weak downstream demand. As of 5th March 2021, mainstream magnesium prices were being quoted at RMB15,300~15,500/t in Fugu Shaanxi with transactions settling at RMB15,100~15,300/t. In Wenxi Shanxi, transaction prices were RMB15,400~15,500/t. All prices were ex-works with…
Domestic Mg Prices Rebound after CNY Holiday
03/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded strongly after the Chinese New Year holiday following rising commodity prices and tightening spot supply at smelters. As of 26th February, mainstream domestic magnesium prices had risen to RMB15,300~15,500/t ex-work with taxes. In Wenxi Shanxi, prices lifted by RMB800~1,000/t w-o-w to RMB15,600~15,700/t…
CNIA: 860 kt of Mg Production in 2020
24/02/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 858.3 kt of primary magnesium in 2020, up by 0.52% y-o-y. Of the figure, primary magnesium production was 575.6 kt in Shaanxi, 103.6 in Shanxi and 54.2 kt in Ningxia, up 11.5%, down 15.7% and down 7.27% y-o-y respectively. Source
Domestic Mg Prices Edge up Slightly
22/02/21 | Magnesium
Shanghai Nonferrous Metals News 20th February 2021: Mainstream magnesium ingot (99.9% grade) prices lifted to RMB14,000~14,200/t in Fugu Shaanxi, with some transactions concluded at RMB14,200/t. According to internal sources, most small smelters have orders for the futures market through to end-February, while large smelter are under long-term contracts, resulting in…
Shanxi Bada Cut Mg Operations
09/02/21 | Magnesium
Asian Metal News Shanxi Bada magnesium smelter has cut operations by 70% since 18th January 2021, reducing daily average output to 25 t. The company produced 1.8 kt of magnesium in January and February production is estimated at 700 t, down by 1.1 kt m-o-m. According to an internal source,…
IM Yunsheng Mg Suspends Operation
02/02/21 | Magnesium
Asian Metal News IM Yunsheng magnesium smelter suspended operations on 25th January 2021, reducing its January output by 200 t on-month accordingly. According to an inside source, the company halted operations last week amid low prices and plans to restart after February. The company will resume normal operations in March…
Domestic Mg Prices Edge Down Slightly
28/01/21 | Magnesium
China Nonferrous Metals News Recent domestic magnesium prices have been in decline. Early this week, mainstream magnesium transaction prices fell by RMB100~200/t w-o-w to RMB 13,900~14,000/t (ex-works by cash) in Fugu Shaanxi and RMB14,200~14,300/t (ex-works by cash) in Wenxi Shanxi. As of this week, domestic magnesium prices had dropped by…
Domestic Mg Prices Decline
14/01/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices fell rapidly amid weakening downstream demand. As of 8th January 2021, mainstream magnesium transaction prices were RMB14,000/t in Fugu Shaanxi, falling by RMB1,500/t from a high point before the New Year holiday. In Wenxi Shanxi, prices were RMB14,400/t; prices in other producing regions…
China Produces 771 kt of Mg from Jan.~Nov. 2020
13/01/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 770.7 kt of primary magnesium during the first 11 months of 2020, down by 0.47% y-o-y. Of the total, Shaanxi’s magnesium output was 514.7 kt, up 10.57% y-o-y, Shanxi 96.5 kt, down 15.82% y-o-y and Ningxia 47.4 kt, down 8.01% y-o-y. CNIA estimates…