Monthly Magnesium Market Report Feb 2023
2023-03-09 08:31:18 【Print】
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Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 World Bank lowers global economic growth forecast to 1.7% for 2023 3
2.1.2 CAAM: China's auto sales up by 2.1% YoY in 2022 3
2.1.3 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 3
2.1.4 China again extends tariff exemptions on some U.S. imported products 3
2.1.5 China remains Germany's biggest trading partner in 2022 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 4
3.1.2 Magnesium Ingot 99.95%min 4
3.1.3 Magnesium Powder 4
3.1.4 Magnesium Alloy 4
3.2 Chinese Export Market 5
3.2.1 Chinese Magnesium Ingot Export Market 5
3.2.2 Magnesium Ingot in Warehouse Rotterdam 5
3.2.3 Magnesium Powder 5
3.2.4 Magnesium Alloy 5
3.3 International Market 6
3.3.1 Magnesium Ingot in Port India 6
3.3.2 Magnesium Ingot in Warehouse Russia 6
4. Company News 6
4.1 Inner Mongolia Yunsheng intends to resume magnesium ingot production 6
4.2 BYD's NEV sales up by 62.44% YoY in Jan 6
4.3 China's first 1,000pty high-quality magnesium production line goes into operation 6
4.4 Keboda to build automobile production base with 600 million yuan 6
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.1 Chinese magnesium ingot producers' operating rate up by 0.68% MoM in Feb 7
5.1.2 Chinese magnesium ingot producers' output up by 0.98% MoM in Feb 7
5.1.3 Chinese magnesium ingot producers' stocks up by 12.50% MoM in Feb 7
5.2 Magnesium Alloy 7
5.2.1 Chinese magnesium alloy producers' operating rate down by 1.41% MoM in Feb 7
5.2.2 Chinese magnesium alloy producers' output down by 1.99% MoM in Feb 8
5.2.3 Chinese magnesium alloy producers' stocks up by 23.92% MoM in Feb 8
5.3 Magnesium Powder 8
5.3.1 Chinese magnesium powder producers' operating rate down by 0.28% MoM in Feb 8
5.3.2 Chinese magnesium powder producers' output down by 0.81% MoM in Feb 9
5.3.3 Chinese magnesium powder producers' stocks up by 1.29% MoM in Feb 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume declined 31.18% YoY in Dec 2022 9
6.2 China's unwrought magnesium alloy export volume increased 14.59% MoM in Dec 2022 10
6.3 China's magnesium powder and granule export volume fell 42.08% YoY in Dec 2022 11
6.4 China's magnesium scrap export volume rose 177.22% YoY in Dec 2022 11
7. Relevant Industry News 12
7.1 Yulin's magnesium metal production in 2022 up by 8.8% YoY 12
7.2 SAIC Motor's CBU vehicle sales fall by 47.75% YoY in January 12
7.3 Yulin to launch three-year rectification and upgrading campaign on semi-coke/magnesium metal industry 12
7.4 Fei county launches construction of local Mg-alloy new material industrial park 12
7.5 CAAM: China's auto production and sales both down by more than 30% in Jan 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.1 Magnesium ingot 99.9%min EXW D/P 12
8.1.2 Magnesium ingot 99.95%min EXW D/P 12
8.1.3 Magnesium powder EXW D/P 13
8.1.4 Magnesium alloy AZ91D EXW D/P 13
8.2 International Market 13
8.2.1 Chinese magnesium ingot 99.9%min FOB China 13
8.2.2 Magnesium ingot 99.9%min CIF Rotterdam 13
8.2.3 Magnesium Ingot 99.9%min in Port India 13
8.2.4 Magnesium Ingot 99.9%min in Warehouse Russia 13
8.2.5 Chinese magnesium powder 99.9%min FOB China 13
8.2.6 Chinese magnesium alloy AZ91D FOB China 13
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 World Bank lowers global economic growth forecast to 1.7% for 2023 3
2.1.2 CAAM: China's auto sales up by 2.1% YoY in 2022 3
2.1.3 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 3
2.1.4 China again extends tariff exemptions on some U.S. imported products 3
2.1.5 China remains Germany's biggest trading partner in 2022 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 4
3.1.2 Magnesium Ingot 99.95%min 4
3.1.3 Magnesium Powder 4
3.1.4 Magnesium Alloy 4
3.2 Chinese Export Market 5
3.2.1 Chinese Magnesium Ingot Export Market 5
3.2.2 Magnesium Ingot in Warehouse Rotterdam 5
3.2.3 Magnesium Powder 5
3.2.4 Magnesium Alloy 5
3.3 International Market 6
3.3.1 Magnesium Ingot in Port India 6
3.3.2 Magnesium Ingot in Warehouse Russia 6
4. Company News 6
4.1 Inner Mongolia Yunsheng intends to resume magnesium ingot production 6
4.2 BYD's NEV sales up by 62.44% YoY in Jan 6
4.3 China's first 1,000pty high-quality magnesium production line goes into operation 6
4.4 Keboda to build automobile production base with 600 million yuan 6
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.1 Chinese magnesium ingot producers' operating rate up by 0.68% MoM in Feb 7
5.1.2 Chinese magnesium ingot producers' output up by 0.98% MoM in Feb 7
5.1.3 Chinese magnesium ingot producers' stocks up by 12.50% MoM in Feb 7
5.2 Magnesium Alloy 7
5.2.1 Chinese magnesium alloy producers' operating rate down by 1.41% MoM in Feb 7
5.2.2 Chinese magnesium alloy producers' output down by 1.99% MoM in Feb 8
5.2.3 Chinese magnesium alloy producers' stocks up by 23.92% MoM in Feb 8
5.3 Magnesium Powder 8
5.3.1 Chinese magnesium powder producers' operating rate down by 0.28% MoM in Feb 8
5.3.2 Chinese magnesium powder producers' output down by 0.81% MoM in Feb 9
5.3.3 Chinese magnesium powder producers' stocks up by 1.29% MoM in Feb 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume declined 31.18% YoY in Dec 2022 9
6.2 China's unwrought magnesium alloy export volume increased 14.59% MoM in Dec 2022 10
6.3 China's magnesium powder and granule export volume fell 42.08% YoY in Dec 2022 11
6.4 China's magnesium scrap export volume rose 177.22% YoY in Dec 2022 11
7. Relevant Industry News 12
7.1 Yulin's magnesium metal production in 2022 up by 8.8% YoY 12
7.2 SAIC Motor's CBU vehicle sales fall by 47.75% YoY in January 12
7.3 Yulin to launch three-year rectification and upgrading campaign on semi-coke/magnesium metal industry 12
7.4 Fei county launches construction of local Mg-alloy new material industrial park 12
7.5 CAAM: China's auto production and sales both down by more than 30% in Jan 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.1 Magnesium ingot 99.9%min EXW D/P 12
8.1.2 Magnesium ingot 99.95%min EXW D/P 12
8.1.3 Magnesium powder EXW D/P 13
8.1.4 Magnesium alloy AZ91D EXW D/P 13
8.2 International Market 13
8.2.1 Chinese magnesium ingot 99.9%min FOB China 13
8.2.2 Magnesium ingot 99.9%min CIF Rotterdam 13
8.2.3 Magnesium Ingot 99.9%min in Port India 13
8.2.4 Magnesium Ingot 99.9%min in Warehouse Russia 13
8.2.5 Chinese magnesium powder 99.9%min FOB China 13
8.2.6 Chinese magnesium alloy AZ91D FOB China 13
