Domestic Mg Prices at RMB 20,000~20,300/t Last Week
05/02/24 | Magnesium
Asian Metal News Mainstream magnesium prices stood between RMB 20,000~20,300/t ex-works in cash as of 5th February 2024, continuing stable w-o-w. In view of logistics slowing and aims to increase liquidity ahead of the CNY holiday, some smelters concluded pre-sales with delivery dates scheduled after the holiday. A spokesperson for…
Fugu Shengxin Suspends Mg Production
02/02/24 | Magnesium
Asian Metal News Fugu Shengxin magnesium smelter produced 1 kt of magnesium in January 2024, up by 300 t m-o-m. The company suspended magnesium production on 20th January 2024 due to interrupted semi-coke gas supply amid high costs as well as depressed magnesium prices. A company spokesperson said, “We have…
Yulin Shaanxi: 469.7 kt of Primary Mg Production in 2023
02/02/24 | Magnesium
Asian Metal News Yulin, Shaanxi produced 606 mln t of coal, 618.3 kt of primary aluminium, 469.7 kt of primary magnesium, 16.2 kt of polysilicon, 1.14 mln t of ferro alloy, 34.69 mln t of semi-coke, 1.14 mln t of caustic soda and 2.28 mln t of calcium carbide in…
Domestic Mg Prices Rebound Slightly
17/01/24 | Magnesium
Asian Metal News Mainstream magnesium prices increased by RMB 150/t from last Friday to RMB20,200~20,500/t on Tuesday 16th, boosted by increased restocking activities prior to the Chinese New Year holiday which starts from 9thFebruary 2024. A magnesium consumer in northern China bought 62 t of magnesium at RMB 20,050/t last…
Xintian Mg Resumes Operations
25/12/23 | Magnesium
Shanxi Xintian News Xintian Magnesium resumed operations on 25th December 2023. The company is currently producing 80 kt of magnesium and 100 t of FeSi (75% grade) daily, aiming to ramp up magnesium production to 150 t per day. It currently holds 300 t of magnesium in stock. Xintian Magnesium…
Domestic Mg Prices at Low Levels
08/12/23 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices were being quoted at RMB 20,600/t ex-works with taxes by cash in Fugu Shaanxi, with mainstream transaction prices between RMB 20,500~20,600/t, down slightly w-o-w. Prices in other producing regions followed the downward trend. Domestic magnesium prices have been hovering…
Two Fugu Mg Smelters Resume Operations
17/11/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter powered up two sets of 150 ktpy semi-coke furnaces on 17th November and is set to resume production on 25th November with daily production expected at 80 t. The company intends to produce 600 t of magnesium in November and will restart three…
Shanxi New Energy Mg Suspends Operation
13/11/23 | Magnesium
Asian Metal News Shanxi New Energy Magnesium suspended operations on 5th November and is set to resume operations in January 2024- with daily production increasing to 200 kt. As of today, the company has produced 100 t of magnesium in November, down by 600 t m-o-m. According to a…
Domestic Mg Transactions Slow
10/11/23 | Magnesium
Asian Metal News Domestic magnesium transactions slowed on the spot market with prices at RMB 21,200~21,500/t on Wednesday, unchanged from the previous trading day. In view of the slower transactions, industry commentators forecast continued weak prices next week. A magnesium buyer bought 62 t of magnesium at RMB 21,100/t on…
