Monthly Magnesium Market Report Nov 2023

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright3 China's magnesium powder and granule export volume fell 8.Asian Metal Copyright1 China's ten nonferrous metals production up by 7.0% YoY in first ten months 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 2.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 4
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 Fugu Taida to postpone magnesium ingot resumption plan 6
4.2 Wutai Yunhai Magnesium wins auction for dolomite mining claim 6
4.3 Fugu Yide plans to resume magnesium ingot production 6
4.4 Yuncheng Zhente begins to produce magnesium alloy 6
4.5 Fugu Xintian plans to resume magnesium ingot production 6
4.6 Baode Shuntai plans to resume magnesium ingot production 6
4.7 Fugu Yufeng intends to resume magnesium ingot production 6
4.8 Fugu Jinwantong plans to resume magnesium ingot production 6
4.9 Yulin reports magnesium metal production of 391.4kt in first ten months 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 2.17% MoM in Nov 7
5.1.Asian Metal Copyright4 Magnesium Alloy 5 3.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 4.02% MoM in Nov 7
5.1.Asian Metal Copyright1 Fugu Taida to postpone magnesium ingot resumption plan 6 4.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 20.68% MoM in Nov 7
5.2 Magnesium Alloy 8
5.2.Asian Metal Copyright68% MoM in Nov 7 5.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 1.28% MoM in Nov 8
5.2.Asian Metal Copyright3.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 2.13% MoM in Nov 8
5.2.Asian Metal Copyright29% YoY in Oct 2023 9 6.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks down by 5.32% MoM in Nov 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 1.58% MoM in Nov 8
5.3.Asian Metal Copyright1.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 3.98% MoM in Nov 9
5.3.Asian Metal Copyright69% YoY in Oct 2023 10 6.Asian Metal Copyright3 Chinese magnesium powder producers' stocks up by 1.96% MoM in Nov 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume grew 21.29% YoY in Oct 2023 9
6.2 China's unwrought magnesium alloy export volume decreased 20.69% YoY in Oct 2023 10
6.3 China's magnesium powder and granule export volume fell 8.96% YoY in Oct 2023 11
6.4 China's magnesium scrap export volume fell 67.87% YoY in Oct 2023 11
7. Relevant Industry News 12
7.1 China's Yulin maintains steady industrial sector growth in first three quarters 12
7.2 First tunnel breakthrough achieved for world's biggest Mg-alloy production base 12
7.3 China's Fugu reports decrease in Q1-Q3 magnesium production 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.Asian Metal Copyright3 Fugu Yide plans to resume magnesium ingot production 6 4.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 12
8.1.Asian Metal Copyright98% MoM in Nov 9 5.Asian Metal Copyright2 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 13
8.2.Asian Metal Copyright3 International Market 5 3.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 13
8.2.Asian Metal Copyright Market Outlook for Next Month 12 8.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 13
8.2.Asian Metal Copyright2 Magnesium Alloy 8 5.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 13
8.2.Asian Metal Copyright Export Statistics 9 6.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 13
8.2.Asian Metal Copyright3 Chinese magnesium powder producers' stocks up by 1.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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