Domestic Mg Prices Rebound Slightly at End-Dec.
27/12/19 | Magnesium
China Nonferrous Metals News Domestic magnesium smelters have been under pressure from low prices with domestic magnesium falling below RMB14,000/t in early December. Domestic smelters increased their quotations in mid-December by RMB200/t, from RMB13,700/t to RMB 13,900/t, in response to rising raw material prices (coal) and pressures of excessive supply.…
Domestic Mg Output 748 kt Jan. to Oct.
18/12/19 | Magnesium
China Nonferrous Metals News CNIA: China produced 747.7 kt of primary magnesium during the first ten months of 2019, up 21.7% y-o-y. Of this figure, Shaanxi was 421 kt, up 18.9% on-year, Shanxi 99.1 kt, up 23.27% on-year and Ningxia 41.9 kt, down 30.06% on-year. Domestic magnesium prices averaged RMB14,367/t…
Domestic Mg Prices Fall to Record Low
11/12/19 | Magnesium
China Nonferrous Metals News The domestic magnesium market has been buckling under sluggish demand and in a glut of magnesium supply during the first week of December. As of 6th December, primary magnesium ingot (99.9%) was being quoted at RMB 13,700-13,800/t (tax inclusive, on cash) in Fugu Shaanxi, with…
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…
