Monthly Magnesium Market Report Mar 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright1 Economy and Policy 3 2.Asian Metal Copyright1 China's ten nonferrous metals production up by 7.1% YoY in 2023 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright72% MoM in Feb 2024 10 6.Asian Metal Copyright2 Magnesium Ingot 99.95%min 3
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 5
3.3.1 Magnesium Ingot in Port India 5
3.3.2 Magnesium Ingot in Warehouse Russia 5
4. Company News 6
4.1 Newport Metals decreases magnesium anode import volume 6
4.2 Shenmu Dongfeng decreases magnesium ingot output 6
4.3 Fugu Jinchuan Magnesium decreases magnesium ingot output 6
4.4 Fugu Haotian to decrease magnesium ingot output 6
4.5 Baode Shuntai Magnesium to stop magnesium ingot production 6
4.6 Shaanxi Weitian Tengda decreases magnesium ingot output 6
4.7 Shaanxi Sanxin Second Plant to stop magnesium ingot production for equipment maintenance 6
4.8 Fugu Wanxin Coal decreases magnesium ingot output for equipment maintenance 7
4.9 Shenmu Xinqing to decrease magnesium ingot output 7
4.10 Erdos Tengdali to decreases magnesium ingot output 7
4.11 Shenmu Moyuan Dingtai plans to reduce magnesium ingot output 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 0.25% MoM in Mar 7
5.1.Asian Metal Copyright29% MoM in Mar 8 5.Asian Metal Copyright2 Chinese magnesium ingot producers' output down by 0.25% MoM in Mar 7
5.1.Asian Metal Copyright2.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 7.39% MoM in Mar 8
5.2 Magnesium Alloy 8
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 2.74% MoM in Mar 8
5.2.Asian Metal Copyright1 Newport Metals decreases magnesium anode import volume 6 4.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 2.73% MoM in Mar 8
5.2.Asian Metal Copyright1.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 7.29% MoM in Mar 8
5.3 Magnesium Powder 9
5.3.Asian Metal Copyright7 Shaanxi Sanxin Second Plant to stop magnesium ingot production for equipment maintenance 6 4.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate up by 16.88% MoM in Mar 9
5.3.Asian Metal Copyright Export Statistics 9 6.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 16.89% MoM in Mar 9
5.3.Asian Metal Copyright7 Shaanxi Sanxin Second Plant to stop magnesium ingot production for equipment maintenance 6 4.Asian Metal Copyright3 Chinese magnesium powder producers' stocks up by 13.33% MoM in Mar 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume declined 32.76% MoM in Feb 2024 10
6.2 China's unwrought magnesium alloy export volume fell 35.72% MoM in Feb 2024 10
6.3 China's magnesium powder and granule export volume fell 32.77% MoM in Feb 2024 11
6.4 China's magnesium scrap export volume fell 38.40% MoM in Feb 2024 11
7. Relevant Industry News 12
7.1 China sees remarkable results in green transition for industrial sectors 12
7.2 China sees remarkable results in green transition for industrial sectors 12
7.3 Anneng Metal breaks ground on 100ktpa Mg-Al alloy project 12
7.4 Boao Magnesium signs Mg-Al alloy die casting cooperation agreement 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.Asian Metal Copyright11 Shenmu Moyuan Dingtai plans to reduce magnesium ingot output 7 5.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 12
8.1.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 7.Asian Metal Copyright2 Magnesium ingot 99.95%min EXW D/P 13
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.Asian Metal Copyright2 International Market 13 8.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 13
8.2.Asian Metal Copyright4 Boao Magnesium signs Mg-Al alloy die casting cooperation agreement 12 8.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 13
8.2.Asian Metal Copyright3 Magnesium Powder 5 3.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 13
8.2.Asian Metal Copyright8 Fugu Wanxin Coal decreases magnesium ingot output for equipment maintenance 7 4.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 13
8.2.Asian Metal Copyright2 Magnesium Ingot in Warehouse Rotterdam 5 3.Asian Metal Copyright5 Chinese magnesium powder 99.9%min FOB China 13
8.2.6 Chinese magnesium alloy AZ91D FOB China 13












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