Magnesium Industry Annual Report 2023
2024-02-22 13:39:22 【Print】
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Contents
1. Magnesium ingot industry overview 4
1.1 Definition 4
1.2 Type 4
1.2.1 By Grade 4
1.2.2 By Weight 4
1.3 Distribution 4
1.4 Application 4
1.4.1 By Grade 4
1.4.2 By Weight 5
2. Economy and Policy 5
2.1 Chinese Market 5
2.1.1 China again extends tariff exemptions on some U.S. imported products 5
2.1.2 GAC Group's NEV sales up by 204.93% YOY in Feb 5
2.1.3 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 5
2.1.4 NBS: China's production of ten nonferrous metals up by 7.4% YoY in Jan-May 5
2.1.5 China's H1 production of ten nonferrous metals up by 8% YoY 5
2.1.6 China's H1 production of ten nonferrous metals up by 8% YoY 5
2.1.7 China's production of ten nonferrous metals up by 7% YoY in Jan-Jul 5
2.1.8 China's ten nonferrous metals production up by 7.0% YoY in first ten months 5
2.1.9 China to adjust import and export tariffs in 2024 6
2.2 International Market 6
2.2.1 World Bank lowers global economic growth forecast to 1.7% for 2023 6
2.2.2 World Bank raises China's economic growth forecast to 5.1% 6
3. Market Movements 6
3.1 Domestic Market 6
3.1.1 Magnesium ingot 99.9%min EXW China 6
3.1.2 Magnesium Alloy AZ91D EXW China 8
3.1.3 Magnesium Powder 99.9%min EXW China 9
3.2 Export Market 11
3.2.1 Magnesium Ingot 99.9%min FOB China 11
3.2.2 Magnesium Alloy AZ91D FOB China 13
3.2.3 Magnesium Powder 99.9%min FOB China 14
3.3 International Market 15
3.3.1 Magnesium Ingot 99.9%min in Warehouse Rotterdam 15
3.3.2 Magnesium ingot in Port India 17
3.3.3 Magnesium ingot 99.9%min Warehouse Russia 18
4. Company News 18
4.1 Fugu Yide Magnesium Alloy reduces magnesium ingot production volume 18
4.2 Xinjiang Tengxiang decreases magnesium ingot output 19
4.3 Inner Mongolia Yunsheng Magnesium stops magnesium ingot production 19
4.4 Fugu Jinchuan Hongtai Second Plant decreases magnesium ingot output 19
4.5 Shanxi Bada Magnesium decrease magnesium ingot output 19
4.6 Shanxi Bada Magnesium decrease magnesium ingot output 19
4.7 Yunhai Special Metals' subsidiary wins bidding on acquiring 100% stake in Qingyang Tongbu Port Operation 19
4.8 Inner Mongolia Yunsheng intends to resume magnesium ingot production 19
4.9 BYD's NEV sales up by 62.44% YoY in Jan 19
4.10 China's first 1,000pty high-quality magnesium production line goes into operation 20
4.11 Keboda to build automobile production base with 600 million yuan 20
4.12 Chongqing BoAo starts construction of high-performance Mg-alloy production base project 20
4.13 Yunhai Special Metals is building 50ktpy magnesium metal project in Chaohu 20
4.14 Fugu Jinwantong plans to stop magnesium ingot production 20
4.15 Fugu Xintian Magnesium to stop magnesium ingot production 20
4.16 Taiyuan Kangmei stops magnesium alloy production 20
4.17 Yulin Wanyuan Magnesium suspends magnesium ingot production 20
4.18 Fugu Wanxin intends to stop magnesium ingot production for equipment maintenance 21
4.19 Tesla's auto shipments hit record high in Q1 2023 21
4.20 China's first Mg-alloy light-weight truck trailer delivered 21
4.21 Shaanxi's auto production up by 20.2% YoY in Q1 21
4.22 MIIT: China builds more than 2.64 million 5G stations by late Q1 21
4.23 Fugu Jinwantong Magnesium stops magnesium ingot production 21
4.24 Fugu Taida Coalification stops magnesium ingot production 21
4.25 Xusheng Group launches project invested in Mexico 21
4.26 NBS: China's production of ten nonferrous metals up by 7.7% YoY in Jan-Apr 21
4.27 Latrobe Magnesium selects Malaysia for 100ktpy magnesium plant project 21
4.28 Yunhai Special Metals' subsidiary granted dolomite mining permit 22
4.29 Inner Mongolia Huihao plans to resume magnesium ingot production 22
4.30 Shanxi New Energy stops magnesium ingot production for equipment maintenance 22
4.31 PTM cuts secondary aluminum alloys production 22
4.32 Shanxi New Energy resumes magnesium ingot production 22
4.33 Shanxi Bada Magnesium to increase magnesium ingot output 22
4.34 Yunhai Special Metals to build high-quality ferrosilicon project 22
4.35 Yunhai Special Metals trial produces super large Mg-alloy automotive die castings 22
4.36 Shenmu Xinqing decreases magnesium ingot output for equipment maintenance 22
4.37 Shanxi Wulong Investment decreases magnesium ingot output 23
4.38 Inner Mongolia Huihao resumes magnesium ingot production 23
4.39 Shenmu Xinqing decreases magnesium ingot output for equipment maintenance 23
4.40 WZ Group expands presence in magnesium industry by acquiring stake in Qixin Alloy 23
4.41 Hami Shengmei Magnesium decreases output of magnesium ingot?? 23
4.42 Shaanxi Sanxin Group Second Plant stops magnesium ingot production for equipment maintenance 23
4.43 Shaanxi Sanxin Group Second Plant stops magnesium ingot production for equipment maintenance 23
4.44 Baosteel announces the steel price policy for September production 23
4.45 Yunhai Special Metals to set up joint venture for 300ktpa ferrosilicon project 23
4.46 Yunhai Special Metals announces name change to Baowu Magnesium 24
4.47 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 24
4.48 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 24
4.49 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 24
4.50 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 24
4.51 Alliance Magnesium postpones magnesium scrap procurement 24
4.52 Shenmu Moyuan Dingtai to resume magnesium ingot production 24
4.53 Yunhai Special Metals announces name change to Baowu Magnesium 24
4.54 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 25
4.55 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 25
4.56 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 25
4.57 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 25
4.58 Alliance Magnesium postpones magnesium scrap procurement 25
4.59 Shenmu Moyuan Dingtai to resume magnesium ingot production 25
4.60 Fugu Taida to postpone magnesium ingot resumption plan 25
4.61 Wutai Yunhai Magnesium wins auction for dolomite mining claim 26
4.62 Fugu Yide plans to resume magnesium ingot production 26
4.63 Yuncheng Zhente begins to produce magnesium alloy 26
4.64 Fugu Xintian plans to resume magnesium ingot production 26
4.65 Baode Shuntai plans to resume magnesium ingot production 26
4.66 Fugu Yufeng intends to resume magnesium ingot production 26
4.67 Fugu Jinwantong plans to resume magnesium ingot production 26
4.68 Yulin reports magnesium metal production of 391.4kt in first ten months 26
4.69 Yulin reports magnesium metal production of 391.4kt in first ten months 26
4.70 Dayou Magnesium to build 150ktpa magnesium ingot project in Xinjiang 27
4.71 Sinyuan ZM signs large automotive Mg-alloy precision parts project 27
4.72 Alliance Magnesium hard to resume magnesium alloy production 27
4.73 Zhengzhou Light Alloy Institute produces large-sized forged magnesium alloy plate 27
4.74 Chaohu lightweight magnesium alloy project begins phase two construction 27
5. Producers Statistics 27
5.1 Chinese magnesium ingot producers' statistics 27
5.1.1 China's magnesium ingot producers' production capacity up by 1.37% YoY in 2023 27
5.1.2 China's magnesium ingot producers' operating rate down by 0.71% YoY in 2023 28
5.1.3 China's magnesium ingot producers' output down by 21.92% YoY in 2023 28
5.1.4 China's magnesium ingot producers' average inventory up by 46.89% YoY in 2023 28
5.2 China's magnesium alloy producers' statistics 29
5.2.1 China's magnesium alloy producers' production capacity up by 6.68% YOY in 2023 29
5.2.2 China's magnesium alloy producers' operating rate down by 16.86% YoY in 2023 29
5.2.3 China's magnesium alloy producers' output down by 7.92% YoY in 2023 29
5.2.4 China's magnesium alloy producers' average inventory up by 127.24% YoY in 2023 30
5.3 China's magnesium powder producers' statistics 30
5.3.1 China's magnesium powder producers' production capacity unchanged YoY in 2023 30
5.3.2 China's magnesium powder producers' operating rate up by 2.91% YoY in 2023 30
5.3.3 China's magnesium powder producers' output up by 2.76% YoY in 2023 31
5.3.4 China's magnesium powder producers' average inventory up by 4.06% YoY in 2023 31
7 Customs Statistics 31
7.1 China's magnesium ingot export volume down by 21.48% YOY in 2023 31
7.2 China's magnesium alloy export volume down by 24.72% YOY in 2023 32
7.3 China's magnesium powder export volume up by 7.02% YOY in 2023 33
8 Supply and Demand Outlook 33
8.1 Magnesium Ingot 33
8.2 Magnesium Alloy AZ91D 34
8.3 Magnesium Powder 99.9%min 34
1. Magnesium ingot industry overview 4
1.1 Definition 4
1.2 Type 4
1.2.1 By Grade 4
1.2.2 By Weight 4
1.3 Distribution 4
1.4 Application 4
1.4.1 By Grade 4
1.4.2 By Weight 5
2. Economy and Policy 5
2.1 Chinese Market 5
2.1.1 China again extends tariff exemptions on some U.S. imported products 5
2.1.2 GAC Group's NEV sales up by 204.93% YOY in Feb 5
2.1.3 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 5
2.1.4 NBS: China's production of ten nonferrous metals up by 7.4% YoY in Jan-May 5
2.1.5 China's H1 production of ten nonferrous metals up by 8% YoY 5
2.1.6 China's H1 production of ten nonferrous metals up by 8% YoY 5
2.1.7 China's production of ten nonferrous metals up by 7% YoY in Jan-Jul 5
2.1.8 China's ten nonferrous metals production up by 7.0% YoY in first ten months 5
2.1.9 China to adjust import and export tariffs in 2024 6
2.2 International Market 6
2.2.1 World Bank lowers global economic growth forecast to 1.7% for 2023 6
2.2.2 World Bank raises China's economic growth forecast to 5.1% 6
3. Market Movements 6
3.1 Domestic Market 6
3.1.1 Magnesium ingot 99.9%min EXW China 6
3.1.2 Magnesium Alloy AZ91D EXW China 8
3.1.3 Magnesium Powder 99.9%min EXW China 9
3.2 Export Market 11
3.2.1 Magnesium Ingot 99.9%min FOB China 11
3.2.2 Magnesium Alloy AZ91D FOB China 13
3.2.3 Magnesium Powder 99.9%min FOB China 14
3.3 International Market 15
3.3.1 Magnesium Ingot 99.9%min in Warehouse Rotterdam 15
3.3.2 Magnesium ingot in Port India 17
3.3.3 Magnesium ingot 99.9%min Warehouse Russia 18
4. Company News 18
4.1 Fugu Yide Magnesium Alloy reduces magnesium ingot production volume 18
4.2 Xinjiang Tengxiang decreases magnesium ingot output 19
4.3 Inner Mongolia Yunsheng Magnesium stops magnesium ingot production 19
4.4 Fugu Jinchuan Hongtai Second Plant decreases magnesium ingot output 19
4.5 Shanxi Bada Magnesium decrease magnesium ingot output 19
4.6 Shanxi Bada Magnesium decrease magnesium ingot output 19
4.7 Yunhai Special Metals' subsidiary wins bidding on acquiring 100% stake in Qingyang Tongbu Port Operation 19
4.8 Inner Mongolia Yunsheng intends to resume magnesium ingot production 19
4.9 BYD's NEV sales up by 62.44% YoY in Jan 19
4.10 China's first 1,000pty high-quality magnesium production line goes into operation 20
4.11 Keboda to build automobile production base with 600 million yuan 20
4.12 Chongqing BoAo starts construction of high-performance Mg-alloy production base project 20
4.13 Yunhai Special Metals is building 50ktpy magnesium metal project in Chaohu 20
4.14 Fugu Jinwantong plans to stop magnesium ingot production 20
4.15 Fugu Xintian Magnesium to stop magnesium ingot production 20
4.16 Taiyuan Kangmei stops magnesium alloy production 20
4.17 Yulin Wanyuan Magnesium suspends magnesium ingot production 20
4.18 Fugu Wanxin intends to stop magnesium ingot production for equipment maintenance 21
4.19 Tesla's auto shipments hit record high in Q1 2023 21
4.20 China's first Mg-alloy light-weight truck trailer delivered 21
4.21 Shaanxi's auto production up by 20.2% YoY in Q1 21
4.22 MIIT: China builds more than 2.64 million 5G stations by late Q1 21
4.23 Fugu Jinwantong Magnesium stops magnesium ingot production 21
4.24 Fugu Taida Coalification stops magnesium ingot production 21
4.25 Xusheng Group launches project invested in Mexico 21
4.26 NBS: China's production of ten nonferrous metals up by 7.7% YoY in Jan-Apr 21
4.27 Latrobe Magnesium selects Malaysia for 100ktpy magnesium plant project 21
4.28 Yunhai Special Metals' subsidiary granted dolomite mining permit 22
4.29 Inner Mongolia Huihao plans to resume magnesium ingot production 22
4.30 Shanxi New Energy stops magnesium ingot production for equipment maintenance 22
4.31 PTM cuts secondary aluminum alloys production 22
4.32 Shanxi New Energy resumes magnesium ingot production 22
4.33 Shanxi Bada Magnesium to increase magnesium ingot output 22
4.34 Yunhai Special Metals to build high-quality ferrosilicon project 22
4.35 Yunhai Special Metals trial produces super large Mg-alloy automotive die castings 22
4.36 Shenmu Xinqing decreases magnesium ingot output for equipment maintenance 22
4.37 Shanxi Wulong Investment decreases magnesium ingot output 23
4.38 Inner Mongolia Huihao resumes magnesium ingot production 23
4.39 Shenmu Xinqing decreases magnesium ingot output for equipment maintenance 23
4.40 WZ Group expands presence in magnesium industry by acquiring stake in Qixin Alloy 23
4.41 Hami Shengmei Magnesium decreases output of magnesium ingot?? 23
4.42 Shaanxi Sanxin Group Second Plant stops magnesium ingot production for equipment maintenance 23
4.43 Shaanxi Sanxin Group Second Plant stops magnesium ingot production for equipment maintenance 23
4.44 Baosteel announces the steel price policy for September production 23
4.45 Yunhai Special Metals to set up joint venture for 300ktpa ferrosilicon project 23
4.46 Yunhai Special Metals announces name change to Baowu Magnesium 24
4.47 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 24
4.48 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 24
4.49 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 24
4.50 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 24
4.51 Alliance Magnesium postpones magnesium scrap procurement 24
4.52 Shenmu Moyuan Dingtai to resume magnesium ingot production 24
4.53 Yunhai Special Metals announces name change to Baowu Magnesium 24
4.54 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 25
4.55 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 25
4.56 Shenmu Moyuan Dingtai stops magnesium ingot production for equipment maintenance 25
4.57 Shenmu Xinqing stops magnesium ingot production for equipment maintenance 25
4.58 Alliance Magnesium postpones magnesium scrap procurement 25
4.59 Shenmu Moyuan Dingtai to resume magnesium ingot production 25
4.60 Fugu Taida to postpone magnesium ingot resumption plan 25
4.61 Wutai Yunhai Magnesium wins auction for dolomite mining claim 26
4.62 Fugu Yide plans to resume magnesium ingot production 26
4.63 Yuncheng Zhente begins to produce magnesium alloy 26
4.64 Fugu Xintian plans to resume magnesium ingot production 26
4.65 Baode Shuntai plans to resume magnesium ingot production 26
4.66 Fugu Yufeng intends to resume magnesium ingot production 26
4.67 Fugu Jinwantong plans to resume magnesium ingot production 26
4.68 Yulin reports magnesium metal production of 391.4kt in first ten months 26
4.69 Yulin reports magnesium metal production of 391.4kt in first ten months 26
4.70 Dayou Magnesium to build 150ktpa magnesium ingot project in Xinjiang 27
4.71 Sinyuan ZM signs large automotive Mg-alloy precision parts project 27
4.72 Alliance Magnesium hard to resume magnesium alloy production 27
4.73 Zhengzhou Light Alloy Institute produces large-sized forged magnesium alloy plate 27
4.74 Chaohu lightweight magnesium alloy project begins phase two construction 27
5. Producers Statistics 27
5.1 Chinese magnesium ingot producers' statistics 27
5.1.1 China's magnesium ingot producers' production capacity up by 1.37% YoY in 2023 27
5.1.2 China's magnesium ingot producers' operating rate down by 0.71% YoY in 2023 28
5.1.3 China's magnesium ingot producers' output down by 21.92% YoY in 2023 28
5.1.4 China's magnesium ingot producers' average inventory up by 46.89% YoY in 2023 28
5.2 China's magnesium alloy producers' statistics 29
5.2.1 China's magnesium alloy producers' production capacity up by 6.68% YOY in 2023 29
5.2.2 China's magnesium alloy producers' operating rate down by 16.86% YoY in 2023 29
5.2.3 China's magnesium alloy producers' output down by 7.92% YoY in 2023 29
5.2.4 China's magnesium alloy producers' average inventory up by 127.24% YoY in 2023 30
5.3 China's magnesium powder producers' statistics 30
5.3.1 China's magnesium powder producers' production capacity unchanged YoY in 2023 30
5.3.2 China's magnesium powder producers' operating rate up by 2.91% YoY in 2023 30
5.3.3 China's magnesium powder producers' output up by 2.76% YoY in 2023 31
5.3.4 China's magnesium powder producers' average inventory up by 4.06% YoY in 2023 31
7 Customs Statistics 31
7.1 China's magnesium ingot export volume down by 21.48% YOY in 2023 31
7.2 China's magnesium alloy export volume down by 24.72% YOY in 2023 32
7.3 China's magnesium powder export volume up by 7.02% YOY in 2023 33
8 Supply and Demand Outlook 33
8.1 Magnesium Ingot 33
8.2 Magnesium Alloy AZ91D 34
8.3 Magnesium Powder 99.9%min 34
