Domestic Mg Prices under Pressure
20/07/20 | Magnesium
Shanghai Nonferrous Metals News As of end-June, domestic magnesium smelters increased magnesium prices driven by rising coal and FeSi prices. Raising prices stimulated demand and increased short-term transactions, but amid an overall bleak market, growth is limited. SMM analysts take the view that the impact of COVID-19 across the world…
Domestic Mg Prices Fall
14/07/20 | Magnesium
China Nonferrous Metals News 10 July: Mainstream magnesium transaction prices were RMB12,900/t in Fugu Shaanxi and RMB13,200/t in in Wenxi Shanxi, falling by RMB100/t from last Friday. Domestic magnesium prices have fallen to a low point of under RMB 13,000/t once more after slumping in April. Domestic magnesium smelters are…
Yulin Coal Technology Resumes Mg Production
01/07/20 | Magnesium
Asian Metal News Yulin Coal Technology restarted primary magnesium production on 24th June 2020 with daily output of 20 t. The company suspended operations on 25th April to undertake maintenance amid a weak market. According to an internal source, with the FeSi price currently standing at RMB5,750/t, the company is…
China Mg Exports Drop by 26%
30/06/20 | Magnesium
China Nonferrous Metals News China exported 16.13 kt of primary magnesium in May, down 26% m-o-m and down 17% y-o-y. The average export price of primary magnesium was USD2,192/t, down 2.8% m-o-m and down 12% y-o-y. China’s magnesium exports in the first five months of 2020 totaled 102.6 kt, up…
Domestic Mg Prices Stable
17/06/20 | Magnesium
China Nonferrous Metals News 12th June, SMM: Domestic magnesium prices remained stable this week. Mainstream magnesium transaction prices were RMB13,050~13,100/t in Fugu Shaanxi, RMB13,200/t in Taiyuan Shanxi and RMB13,300~13,400/t in Wenxi Shanxi, the same as the pervious term. Looking forward, domestic magnesium output is likely to drop as a consequence…
Domestic Mg Prices Stable
08/06/20 | Magnesium
Shanghai Nonferrous Metals News 5th June, SMM: Domestic magnesium prices remained stable this week. Mainstream magnesium transaction prices were RMB13,050~13,100/t in Fugu Shaanxi and RMB13,300~13,400/t in Wenxi Shanxi. Domestic magnesium supply has been in decline with the beginning of the maintenance season planned each year. Domestic smelters hold limited stocks,…
Domestic Mg Prices Edge up Slightly
01/06/20 | Magnesium
Shanghai Nonferrous Metals News Domestic magnesium prices edged up slightly in the wake of increased production cuts at smelters and rising FeSi prices. At present, mainstream magnesium transaction prices are RMB13,100~13,200/t in Fugu Shaanxi and RMB13,500~13,600/t in Wenxi Shanxi. Several magnesium smelters started maintenance ahead of their original schedules last…
China Exports 38.23 kt of Mg Products in April
29/05/20 | Magnesium
Shanghai Nonferrous Metals News China exported 38.23 kt of primary magnesium and magnesium products in April 2020, down 38.89% m-o-m while up by 0.92% y-o-y. Of these, primary magnesium (ingots) exports were 21.89 kt in April, down 44% m-o-m but up 3.54% y-o-y. Exports of magnesium ingot and magnesium products…
Domestic Mg Prices Slide Slightly
25/05/20 | Magnesium
Shanghai Nonferrous Metals News 22nd May: Mainstream magnesium transaction prices (99.9% magnesium ingot) were RMB13,050/t by cash with taxes in Fugu Shaanxi. In Wenxi Shanxi prices were RMB13,350/t, a fall of RMB50/t from last week. According to SMM, several magnesium smelters were prepared to halt operations last week and those…