Jujinbang Mg at Fugu Shaanxi Halts Mg Production
06/11/19 | Magnesium
Asian Metal News Jujinbang Magnesium suspended magnesium production in late October for overhaul. There is, as yet, no plan to resume production, given weak downstream demand and a bleak price outlook. At present, local magnesium smelters are experiencing high production costs driven by slow sales of semi-coke and some semi-coal…
Domestic Mg Prices Rebound Slightly
06/11/19 | Magnesium
China Nonferrous Metals News As of 1st November, primary magnesium ingot (99.9% grade) was being quoted between RMB 14,500 ~14,600/t in Fugu Shaanxi, with transactions settled at RMB 14,350~14,400/t, showing a slight rebound of RMB200~250/t from the beginning of the week. Transaction prices stood at RMB 14,650/t in Wenxi Shanxi.…
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…