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Shaanxi Sanjiang Energy Magnesium stops reductive calcium ingot production

2019-04-19 08:32:55  【Print】
BEIJING (Asian Metal) 19 Apr 19 - Restricted by the slow demand and equipment maintenance, Shaanxi Sanjiang Energy Magnesium Co.Asian Metal Copyright The spot market sees very few deals and most insiders believe prices would go down in the coming days.Asian Metal Copyright, Ltd.Asian Metal Copyright The spot market sees very few deals and most insiders believe prices would go down in the coming days.Asian Metal Copyright stopped the production for reductive calcium ingot on 15 April.Asian Metal Copyright stopped the production for reductive calcium ingot on 15 April.Asian Metal Copyright They plan to resume the production on 23 April.

"Owing to the slow demand from the downstream steel mills and downward prices for reductive calcium ingot, our plant suffered great loss; in addition, due to some troubles of equipment, our plant stopped the production for reductive calcium ingot in the middle of April," said a source from Sanjiang, adding that he intends to resume the production in late April. Currently, mainstream Chinese reductive calcium ingot prices hover at RMB13,500-13,700/t (USD2,014-2,044/t) EXW D/P, unchanged from early this week.Asian Metal Copyright stopped the production for reductive calcium ingot on 15 April.Asian Metal Copyright The spot market sees very few deals and most insiders believe prices would go down in the coming days.

With an annual production capacity of 17,500t, the plant produced about 900t in March and plans to reduce the volume to 600t in April, holding no stock now.

.Asian Metal CopyrightBEIJING Asian Metal 19 Apr 19 - Restricted by the slow demand and equipment maintenance, Shaanxi Sanjiang Energy Magnesium Co.Asian Metal Copyright