Monthly Magnesium Market Report Mar 2022
2022-04-13 08:32:40 【Print】
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Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 MOF: China to implement larger tax and fee cuts for small businesses 3
2.1.2 GACC: total import-export value grows 13.3% YOY in Jan-Feb 3
2.1.3 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 3
2.1.4 CAAM: China's auto production and sales up by 8.8% and 7.5% YoY respectively in Jan-Feb 3
2.1.5 U.S. launches fifth sunset review on anti-dumping investigation on pure magnesium from China 4
2.1.6 MEE launches six-batch of second-round central environmental inspection 4
2.1.7 Third central environmental protection inspection team reports supervision result 4
2.1.8 US resumes tariff exemption for 352 Chinese imports 4
3. Market Movements 4
3.1 Chinese Market 4
3.1.1 Magnesium Ingot 4
3.1.2 Magnesium Ingot 99.95%min 4
3.1.3 Magnesium Powder 5
3.1.4 Magnesium Alloy 5
3.2 Chinese Export Market 5
3.2.1 Chinese Magnesium Ingot Export Market 5
3.2.2 Magnesium Ingot in Warehouse Rotterdam 6
3.2.3 Magnesium Powder 6
3.2.4 Magnesium Alloy 6
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 7
4.1 Recodeal to raise no more than RMB700 million for NEV key parts project 7
4.2 Kaizhong Precision plans to invest 500 million yuan to build phase I project of Huizhou production base 7
4.3 BYD's NEV sales reach 88,300 units in Feb 7
4.4 Yulin Wanyuan Magnesium reduces magnesium ingot output 7
4.5 Shandong Tianyuan Group magnesium alloy TSCR line achieves successful trial 7
4.6 Shanxi Pincheng Yuanshi Technology to increase magnesium alloy output 7
4.7 Western Magnesium to complete commercial pilot plant construction 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.1 Chinese magnesium ingot producers' operating rate up by 2.85% MoM in Mar 7
5.1.2 Chinese magnesium ingot producers' output up by 3.67% MoM in Mar 8
5.1.3 Chinese magnesium ingot producers' stocks up by 78.97% MoM in Mar 8
5.2 Magnesium Alloy 8
5.2.1 Chinese magnesium alloy producers' operating rate up by 3% MoM in Mar 8
5.2.2 Chinese magnesium alloy producers' output up by 4.87% MoM in Mar 9
5.2.3 Chinese magnesium alloy producers' stocks down by 8.73% MoM in Mar 9
5.3 Magnesium Powder 9
5.3.1 Chinese magnesium powder producers' operating rate up by 1.55% MoM in Mar 9
5.3.2 Chinese magnesium powder producers' output up by 3.90% MoM in Mar 9
5.3.3 Chinese magnesium powder producers' stocks down by 4% MoM in Mar 10
6. Export Statistics 10
6.1 China's unwrought magnesium alloy export volume declined 13.98% MoM in Jan 2022 10
6.2 China's unwrought magnesium export volume fell 41.19% MoM in Jan 2022 10
6.3 China's magnesium powder and granule export volume fell 30.49% MoM in Jan 2022 11
7. Relevant Industry News 11
7.1 BYD's NEV sales up by 362% YOY in Jan 11
7.2 Baosteel Group Nantong Wire Products invites bids for Zn-Al-Mg alloy 11
7.3 SAIC Motor's NEV sales up by 25.54% YoY in Jan 11
7.4 CPCA: China's new energy passenger car retail sales up by 132% YoY 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 12
8.1.4 Magnesium alloy AZ91D EXW D/P 12
8.2 International Market 12
8.2.1 Chinese magnesium ingot 99.9%min FOB China 12
8.2.2 Magnesium ingot 99.9%min CIF Rotterdam 12
8.2.3 Magnesium Ingot 99.9%min in Port India 12
8.2.4 Magnesium Ingot 99.9%min in Warehouse Russia 12
8.2.5 Chinese magnesium powder 99.9%min FOB China 12
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 MOF: China to implement larger tax and fee cuts for small businesses 3
2.1.2 GACC: total import-export value grows 13.3% YOY in Jan-Feb 3
2.1.3 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 3
2.1.4 CAAM: China's auto production and sales up by 8.8% and 7.5% YoY respectively in Jan-Feb 3
2.1.5 U.S. launches fifth sunset review on anti-dumping investigation on pure magnesium from China 4
2.1.6 MEE launches six-batch of second-round central environmental inspection 4
2.1.7 Third central environmental protection inspection team reports supervision result 4
2.1.8 US resumes tariff exemption for 352 Chinese imports 4
3. Market Movements 4
3.1 Chinese Market 4
3.1.1 Magnesium Ingot 4
3.1.2 Magnesium Ingot 99.95%min 4
3.1.3 Magnesium Powder 5
3.1.4 Magnesium Alloy 5
3.2 Chinese Export Market 5
3.2.1 Chinese Magnesium Ingot Export Market 5
3.2.2 Magnesium Ingot in Warehouse Rotterdam 6
3.2.3 Magnesium Powder 6
3.2.4 Magnesium Alloy 6
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 7
4.1 Recodeal to raise no more than RMB700 million for NEV key parts project 7
4.2 Kaizhong Precision plans to invest 500 million yuan to build phase I project of Huizhou production base 7
4.3 BYD's NEV sales reach 88,300 units in Feb 7
4.4 Yulin Wanyuan Magnesium reduces magnesium ingot output 7
4.5 Shandong Tianyuan Group magnesium alloy TSCR line achieves successful trial 7
4.6 Shanxi Pincheng Yuanshi Technology to increase magnesium alloy output 7
4.7 Western Magnesium to complete commercial pilot plant construction 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.1 Chinese magnesium ingot producers' operating rate up by 2.85% MoM in Mar 7
5.1.2 Chinese magnesium ingot producers' output up by 3.67% MoM in Mar 8
5.1.3 Chinese magnesium ingot producers' stocks up by 78.97% MoM in Mar 8
5.2 Magnesium Alloy 8
5.2.1 Chinese magnesium alloy producers' operating rate up by 3% MoM in Mar 8
5.2.2 Chinese magnesium alloy producers' output up by 4.87% MoM in Mar 9
5.2.3 Chinese magnesium alloy producers' stocks down by 8.73% MoM in Mar 9
5.3 Magnesium Powder 9
5.3.1 Chinese magnesium powder producers' operating rate up by 1.55% MoM in Mar 9
5.3.2 Chinese magnesium powder producers' output up by 3.90% MoM in Mar 9
5.3.3 Chinese magnesium powder producers' stocks down by 4% MoM in Mar 10
6. Export Statistics 10
6.1 China's unwrought magnesium alloy export volume declined 13.98% MoM in Jan 2022 10
6.2 China's unwrought magnesium export volume fell 41.19% MoM in Jan 2022 10
6.3 China's magnesium powder and granule export volume fell 30.49% MoM in Jan 2022 11
7. Relevant Industry News 11
7.1 BYD's NEV sales up by 362% YOY in Jan 11
7.2 Baosteel Group Nantong Wire Products invites bids for Zn-Al-Mg alloy 11
7.3 SAIC Motor's NEV sales up by 25.54% YoY in Jan 11
7.4 CPCA: China's new energy passenger car retail sales up by 132% YoY 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 12
8.1.4 Magnesium alloy AZ91D EXW D/P 12
8.2 International Market 12
8.2.1 Chinese magnesium ingot 99.9%min FOB China 12
8.2.2 Magnesium ingot 99.9%min CIF Rotterdam 12
8.2.3 Magnesium Ingot 99.9%min in Port India 12
8.2.4 Magnesium Ingot 99.9%min in Warehouse Russia 12
8.2.5 Chinese magnesium powder 99.9%min FOB China 12
8.2.6 Chinese magnesium alloy AZ91D FOB China 13
