Domestic Mg Market Stable
31/10/19 | Magnesium
China Nonferrous Metals News 25th October: Primary magnesium ingot (99.9%) was quoted at RMB 14,300/t (tax inclusive, on cash) in Fugu Shaanxi with mainstream transaction prices at RMB 14,300/t. In Shanxi, magnesium prices were RMB 14,500/t in Taiyuan, and between RMB14,600~14,700/t in Wenxi, the same level as last Friday. Market…
Fugu Jingfu Starts Mg Production
23/10/19 | Magnesium
Asian Metal News Fugu Jingfu Coal Chemicals started producing primary magnesium ingots (99.95% min) in mid-September 2019. The average daily output of the company is 28 t of primary magnesium (99.9%), 22 t of low calcium and low sodium magnesium and 60 t of primary magnesium (99.95% min). Mainstream primary…
China Produces 544.8 kt of Primary Mg
16/10/19 | Magnesium
China Nonferrous Metals News CNIA: China produced 544.8 kt of primary magnesium during the first eight months of 2019, up 10.6% on-year. Of this figure, primary magnesium output was 330.6 kt in Shaanxi, up 16.87%; Shanxi 79.8 kt, up 29.04% and Ningxia 29.7 kt, down 43.79% on-year. Domestic primary magnesium…
Domestic Mg Prices Stable in August
19/09/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices averaged RMB 15,817/t in August, down 10.24% y-o-y, with prices averaging RMB16,639/t during the first eight months of 2019, up 5.55% y-o-y. At the beginning of August, domestic magnesium prices stopped falling and stabilized at RMB15,650/t. Later in the month, RMB depreciation has…
Pengjin Mg – Xiaxian Shanxi Suspends Operations
19/09/19 | Magnesium
Asian Metal News Pengjin Magnesium at Xiaxian County Shanxi suspended its magnesium production lines in late August in the wake of stringent environmental rules and negative margins. Production costs of Pengjin average RMB15,700/t, which is higher than current market prices. Given a bleak market outlook in addition to excessive market…
10 ktpy Mg Project for Jincheng Linchun Mg
27/08/19 | Magnesium
China Nonferrous Metals News Jincheng Linchun Magnesium’s 30 ktpy primary magnesium and magnesium alloy project is progressing smoothly, and its 10 ktpy magnesium and magnesium alloy project is scheduled to come on line by end-October 2019. It is an expansion project to the original Weiding Chemicals project, located in Lingchuan,…
Domestic Mg Prices Edge Up Slightly
24/07/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rose moderately last week driven by rising FeSi prices. However due to continued sluggish downstream demand, high-price level transactions were limited, seeing magnesium prices steady at low-levels after Wednesday last week. As of 19th July, mainstream quotations for magnesium ingot (99.9% grade) were…
Domestic Mg Prices Stable in April
16/05/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices climbed by 12.68% on-year to average RMB 17,031/t in April, with magnesium prices averaging RMB 17,091/t during the first four months of 2019 up 13.24% on-year. Domestic magnesium transactions were flat in April, but tightening coal supply in Shaanxi and IM have buoyed…
Fugu Shaanxi: Primary Mg Output to Reach 1 mtpy by end-2025
23/04/19 | Magnesium
China Nonferrous Metals News At present, there are 34 magnesium smelters in Fugu, Shaanxi, with a total designed capacity of 800 ktpy, of which, 650 ktpy has been completed. Fugu has been the largest magnesium producing region in the world since 2012. In 2018, a total of 370 kt of…