China Mg Production 50.9 kt in July
10/08/23 | Magnesium
Shanghai Nonferrous Metals News China produced 50.9 kt of magnesium ingot in July 2023, down by 3.14% m-o-m and down by 26.48% y-o-y. China’s magnesium alloy production was 26 kt in July, up by 1.23% m-o-m but down by 6.88% y-o-y. China produced 54 kt of magnesium powder in July,…
Domestic Mg Prices Stop Falling
08/08/23 | Magnesium
China Nonferrous Metals News Backed by improving demand, domestic magnesium prices stopped falling at RMB 20,800/t last week. As of last Friday, mainstream magnesium prices in Fugu Shaanxi were being quoted at RMB 21,000~21,200/t ex-works with taxes. With transaction prices between RMB 21,000~21,100/t, prices in other production regions lifted accordingly.…
Domestic Mg Prices to Stop Falling Next Week
04/08/23 | Magnesium
Asian Metal News Mainstream magnesium prices fell by RMB 350/t to RMB 20,850~21,100/t ex-works on Thursday, led by tepid demand. Looking forward to next week, industrial commentators forecast prices to stop falling following improved demand. A northern smelter sold 62 t of magnesium ingot at RMB 21,300/t last Thursday, an…
Domestic Mg Prices on the Rise
26/07/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices rose by RMB 200/t from Monday and was up by RMB 400/t from last Friday to RMB 21,100~21,500/t on Wednesday. Industrial commentators forecast domestic magnesium prices to rise further this week. According to a spokesperson from a northern smelter, “We sold 31 t…
NDRC: Guarantee of Power Supply for Summer Peak Consumption
19/07/23 | Magnesium
Cnal News NDRC: With coal inventory at national-level coordinated power plants reaching a record high of 199 mln t, there is strong support to implement summer peak power consumption in 2023. In H1 2023, power generated by large power plants for industrial use reached 4,168 bln kWh, a y-o-y increase…
Domestic Mg Prices Edge Down Slightly
19/07/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices have fallen by RMB 200/t from last Friday to RMB 20,700~21,000/ this week. In light of weaker demand and cautious sentiment, industry commentators forecast prices to trend down slightly this week. The news of NDRC including new and expansion magnesium projects on the…
NDRC: “Industrial Structure Adjustment Guidance Catalogue” (2023, Draft)
17/07/23 | Magnesium
NDRC The NDRC (National Development and Reform Commission) recently released the “Industrial Structure Adjustment Guidance Catalogue (2023, Draft)”, comprising three categories: encouraged, restricted, and to be eliminated. Relevant aluminium projects in the “restricted” list of the 2023 draft include: New projects and expansion primary aluminium projects (except for capacity replacement…
Shanxi Wulong Mg Smelter Cuts Mg Production
14/07/23 | Magnesium
Asian Metal News Shanxi Wulong magnesium smelter cut its daily production from 90 t to 65 t in early July and the company expects 1,950 t of production in July, down by 800 t from June. According to an internal source, the company has curbed operations amid workers shortages at…
Domestic Mg Prices Stop Falling
12/07/23 | Magnesium
China Nonferrous Metals News Domestic magnesium prices stopped falling and trended up slightly to RMB 21,000/t last week following improved coal prices and stronger export demand. Mainstream magnesium prices were being quoted between RMB 20,700~21,000/t with settlement prices at approximately RMB 20,700/t in Fugu Shaanxi. Prices in other producing regions…
