Shenmu Semi-coke Group: Production Cuts to Shore Prices
16/04/20 | Magnesium
Cnfeol News Shaanxi Shenmu Semi-coke Group announced that it will cut operations in a bid to shore-up prices amid a low market. Details are as follows: All members must partially cut or halt entire operations, with a maximum of 30% of total capacity allowed to stay open All members must…
Shaanxi Fugu Meixin Cuts Mg Production
08/04/20 | Magnesium
Asian Metal News Shaanxi Fugu Meixin magnesium smelters have been grappling with issues of low semi-coke prices and slow sales of coke tar for some time and is facing losses of RMB80/t for every tonnne of semi-coke produced. In the wake of recently slumping magnesium prices and a bleak market…
Domestic Mg Prices Drop
02/04/20 | Magnesium
China Nonferrous Metals News As of 27th March, primary magnesium ingot (99.9% grade) was being quoted between RMB 13,700/t tax inclusive by cash in Fugu Shaanxi, and concluded between RMB13,650~13,700/t. Domestic magnesium prices plummeted by RMB200~300/t from the previous Friday, and closed at the lowest level since February 2017. Market…
Domestic Mg Prices Edge up
31/03/20 | Magnesium
China Nonferrous Metals News Domestic magnesium prices averaged RMB14,679/t in February 2020, up 31.28% y-o-y despite few transactions being concluded during the period. Domestic primary magnesium output declined significantly y-o-y due to the spread of COVID-19 in February. Meanwhile, traders and some downstream buyers made small replenishments during the month…
2019 Domestic Mg Output 969 kt
12/03/20 | Magnesium
Shanghai Nonferrous Metals News CNIA: China produced 969 kt of primary magnesium in 2019, up 12.2% y-o-y. Domestic magnesium prices fell by 3.3% y-o-y during 2019 to average RMB15,949/t, putting domestic smelters under pressure of a y-o-y decline in profit margins. China consumed 485 kt of magnesium and products in…
Domestic Mg Prices on the Decline
12/03/20 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices continued to fall on increased coal supply and declining raw material prices. As of 6th March, primary magnesium ingot (99.9% grade) was being quoted between RMB 14,000/t in Fugu Shaanxi, RMB 14,100/t in Taiyuan Shanxi and RMB 14,200~14,300/t in Wenxi Shanxi,…
CNIA: 2019 Primary Mg Output 845 kt
02/03/20 | Magnesium
China Nonferrous Metals News CNIA: China produced 844.8 kt of primary aluminium in 2019, up 12.74% y-o-y. Of this amount, output in Shanxi was 517.6 kt, and Shanxi was 117.1 kt, up 20.04% and up 18.29% y-o-y respectively. Output in Ningxia was 58.5 kt, down 10.65% y-o-y. Source
2019 Domestic Mg Output Expected at 927.7 kt
17/01/20 | Magnesium
China Nonferrous Metals News CNIA: China produced 763.9 kt of primary magnesium during the first 11 months of 2019, up 11.16% y-o-y. China’s annual domestic primary magnesium output is expected to be 927.7 kt, with domestic consumption of 472.3 kt and exports of 446.5 kt, accounting for 50.91% and…
IM Yunsheng Cuts Mg Ingot Production by 50%
14/01/20 | Magnesium
Asian Metal News IM Yunsheng Magnesium Technology Co. Ltd. has decided to cut its magnesium production by 50% to approximately 20 t per day from 14th January to 12 February 2020. The move comes due to reduced coal supply prior to the Chinese New Year holiday combined with heavy snow…
