Monthly Magnesium Market Report Feb 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright75% YoY in Dec 2023 9 6.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 Copyright1.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 5
4.1 Fugu Shengxin suspends magnesium ingot production 5
4.2 Wuxiang Xingyuan Calcium stops magnesium ingot production 6
4.3 Shenmu Dongfeng decreases magnesium ingot output 6
4.4 Newport Metals decreases magnesium anode import volume 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright2.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 0.64% MoM in Feb 6
5.1.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 15.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 0.64% MoM in Feb 6
5.1.Asian Metal Copyright9%min EXW DP 11 8.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 38.53% MoM in Feb 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 7.58% MoM in Feb 7
5.2.Asian Metal Copyright2.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 7.58% MoM in Feb 7
5.2.Asian Metal Copyright58% MoM in Feb 7 5.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 6.81% MoM in Feb 7
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 15.80% MoM in Feb 8
5.3.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 7.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 15.81% MoM in Feb 8
5.3.3 Chinese magnesium powder producers' stocks unchanged MoM in Feb 8
6. Export Statistics 8
6.1 China's unwrought magnesium export volume decreased 12.60% MoM in Dec 2023 9
6.2 China's unwrought magnesium alloy export volume fell 33.75% YoY in Dec 2023 9
6.3 China's magnesium powder and granule export volume rose 26.57% YoY in Dec 2023 10
6.4 China's magnesium scrap export volume increased 227.15% MoM in Dec 2023 10
7. Relevant Industry News 11
7.1 China sees remarkable results in green transition for industrial sectors 11
8. Market Outlook for Next Month 11
8.1 Chinese Market 11
8.1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 0.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 11
8.1.Asian Metal Copyright Market Movements 3 3.Asian Metal Copyright2 Magnesium ingot 99.95%min EXW D/P 11
8.1.3 Magnesium powder EXW D/P 11
8.1.4 Magnesium alloy AZ91D EXW D/P 12
8.2 International Market 12
8.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 12
8.2.Asian Metal Copyright1.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 12
8.2.Asian Metal Copyright3 Magnesium Powder 5 3.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 12
8.2.Asian Metal Copyright1.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 12
8.2.Asian Metal Copyright1 Magnesium Ingot 6 5.Asian Metal Copyright5 Chinese magnesium powder 99.9%min FOB China 12
8.2.6 Chinese magnesium alloy AZ91D FOB China 12





.Asian Metal Copyright57% YoY in Dec 2023 10 6Asian Metal Copyright