Monthly Magnesium Market Report Nov 2022
2022-12-09 19:02:38 【Print】
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Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1 China sees RMB68.62 billion of new energy vehicle purchase taxes exempt by Nov 10th in 2022 3
2.2 GACC: China's foreign trade value up by 9.5% YOY in Jan-Oct 2022 3
2.3 IMF cuts 2023 global economic growth forecast to 2.7% 3
2.4 Shanghai Customs: Imports and exports up by 5.3% YOY in Jan-Oct 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
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 4
3.2.1 Chinese Magnesium Ingot Export Market 4
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 Yongliang Magnesium and CMCC sign cooperation agreement on 1.2Mtpy Mg-alloy project 6
4.2 VT Industries to raise no more than 692 million yuan for NEV parts project 6
4.3 Shaanxi Weitian Tengda plans to resume magnesium ingot production 6
4.4 Guangdong Hongtu to raise funds of up to 2.2 billion yuan 6
4.5 Yunhai Special Metals' subsidiaries to invest over RMB4.7 billion into four Mg alloy projects 6
4.6 Dongguan BYD NEV key parts project settles down 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.1 Chinese magnesium ingot producers' operating rate down by 0.33% MoM in Nov 7
5.1.2 Chinese magnesium ingot producers' output up by 0.17% MoM in Nov 7
5.1.3 Chinese magnesium ingot producers' stocks up by 26.03% MoM in Nov 7
5.2 Magnesium Alloy 8
5.2.1 Chinese magnesium alloy producers' operating rate up by 3.44% MoM in Nov 8
5.2.2 Chinese magnesium alloy producers' output up by 2.37% MoM in Nov 8
5.2.3 Chinese magnesium alloy producers' stocks up by 28.75% MoM in Nov 8
5.3 Magnesium Powder 8
5.3.1 Chinese magnesium powder producers' operating rate up by 1.58% MoM in Nov 8
5.3.2 Chinese magnesium powder producers' output up by 5.08% MoM in Nov 9
5.3.3 Chinese magnesium powder producers' stocks up by 11.59% MoM in Nov 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume declined 13.01% MoM in Sep 2022 9
6.2 China's magnesium scrap export volume increased 365.52% YoY in Sep 2022 10
6.3 China's magnesium powder and granule export volume declined 19.25% YoY in Sep 2022 11
6.4 China's unwrought magnesium alloy export volume increased 73.62% YoY in Sep 2022 11
7. Relevant Industry News 12
7.1 BYD's NEV sales up by 233.92% YoY in Jan-Oct 12
7.2 GAC Group's NEV sales up by 125.5% YOY in Jan-Oct 12
7.3 CAAM: China's auto exports hit record high in Oct 12
7.4 China to accelerate revision of mandatory energy quota standards for steel, non-ferrous metal and other industries 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 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 China sees RMB68.62 billion of new energy vehicle purchase taxes exempt by Nov 10th in 2022 3
2.2 GACC: China's foreign trade value up by 9.5% YOY in Jan-Oct 2022 3
2.3 IMF cuts 2023 global economic growth forecast to 2.7% 3
2.4 Shanghai Customs: Imports and exports up by 5.3% YOY in Jan-Oct 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
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 4
3.2.1 Chinese Magnesium Ingot Export Market 4
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 Yongliang Magnesium and CMCC sign cooperation agreement on 1.2Mtpy Mg-alloy project 6
4.2 VT Industries to raise no more than 692 million yuan for NEV parts project 6
4.3 Shaanxi Weitian Tengda plans to resume magnesium ingot production 6
4.4 Guangdong Hongtu to raise funds of up to 2.2 billion yuan 6
4.5 Yunhai Special Metals' subsidiaries to invest over RMB4.7 billion into four Mg alloy projects 6
4.6 Dongguan BYD NEV key parts project settles down 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.1 Chinese magnesium ingot producers' operating rate down by 0.33% MoM in Nov 7
5.1.2 Chinese magnesium ingot producers' output up by 0.17% MoM in Nov 7
5.1.3 Chinese magnesium ingot producers' stocks up by 26.03% MoM in Nov 7
5.2 Magnesium Alloy 8
5.2.1 Chinese magnesium alloy producers' operating rate up by 3.44% MoM in Nov 8
5.2.2 Chinese magnesium alloy producers' output up by 2.37% MoM in Nov 8
5.2.3 Chinese magnesium alloy producers' stocks up by 28.75% MoM in Nov 8
5.3 Magnesium Powder 8
5.3.1 Chinese magnesium powder producers' operating rate up by 1.58% MoM in Nov 8
5.3.2 Chinese magnesium powder producers' output up by 5.08% MoM in Nov 9
5.3.3 Chinese magnesium powder producers' stocks up by 11.59% MoM in Nov 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume declined 13.01% MoM in Sep 2022 9
6.2 China's magnesium scrap export volume increased 365.52% YoY in Sep 2022 10
6.3 China's magnesium powder and granule export volume declined 19.25% YoY in Sep 2022 11
6.4 China's unwrought magnesium alloy export volume increased 73.62% YoY in Sep 2022 11
7. Relevant Industry News 12
7.1 BYD's NEV sales up by 233.92% YoY in Jan-Oct 12
7.2 GAC Group's NEV sales up by 125.5% YOY in Jan-Oct 12
7.3 CAAM: China's auto exports hit record high in Oct 12
7.4 China to accelerate revision of mandatory energy quota standards for steel, non-ferrous metal and other industries 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 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
