SHIPMENT DATE: End October/Early
November, 2008. PACKING : IN BUNDLES OF 1000-2000KGS NET EACH PRICE :USD/MT 3500 FOB TIANGJING This offer is valid to Oct,27,2008
BEIJING (Asian Metal) 28 May 08 – Magnesium ingot
market in China remains at an upward trend with many smelters
increasing offers to around RMB37,000/t (USD5,331/t) ex works from
RMB36,500/t (USD5,259/t) ex works last week. The price has shown no
sign of ceasing rising, market sources reported to Asian Metal today. Asianmetal(English) http://www.asianmetal.com A29B A
Shanxi-based magnesium alloy producer purchased about 100t of magnesium
ingot at around RMB36,500/t (USD5,259/t) ex works on Monday and
reported that it is quite difficult to get such a price now. The source
reported that most smelters have increased their offers to RMB37,000/t
(USD5,331/t) ex works or even higher levels, leaving few willing to
sell the material at a price below RMB36,600/t (USD5,274/t) ex works. Asianmetal(English) http://www.asianmetal.com I906 According
to the source, magnesium ingot is still in tight supply in the spot
market which may stimulate smelters to push the price up further. “As
long as there are buyers in the market, smelters will not stop asking
for higher prices,” said the source. Asianmetal(English) http://www.asianmetal.com 2I44 A
Shanxi-based magnesium ingot producer refused a bid of RMB36,500/t
(USD5,259/t) ex works yesterday, claiming that they have no difficulty
in selling the material at RMB36,600/t (USD5,274/t) ex works.
Anticipating a higher price next week, the source is not eager to sell.
Asianmetal(English) http://www.asianmetal.com E7WH Running
with an output of 500-600tpm based on its capacity of 1,000tpm due to
unstable supply of coal gas, the smelter is currently fulfilling some
contracts signed at RMB35,500-36,200/t (USD5,115-5,216/t) ex works
during the past ten days. Asianmetal(English) http://www.asianmetal.com 0DGD “In
view of the increasing prices of ferrosilicon which is being offered as
high as RMB10,000-10,300/t (USD1,441-1,484/t) ex works as well as the
speculations that some smelters might be shut down before the Olympics
for environmental concern, the magnesium ingot price is likely to rise
further, albeit slowly,” added the source.
Magnesium and magnesium alloys are used in a wide variety of structural
applications include automotive, industrial, materials-handling,
commercial and aerospace equipment.
The automotive applications include clutch and brake pedal support
brackets, steering column lock housings, and manual transmissions
housings. In industrial machinery magnesium alloys are used for parts
that operate at high speeds and thus must be lightweight to minimize
inertial forces. Commercial applications include hand-held tools,
luggage, computer housings, and ladders. Magnesium alloys are valuable
for aerospace applications because they are lightweight and exhibit
good strength and stiffness at both room and elevated temperatures.
Magnesium is also applied in various nonstructural applications. It is
used as an alloying element in alloys of aluminium, zinc, lead, and
other nonferrous metals. It is used as an oxygen scavenger and
desulfurizer in the manufacture of nickel and copper alloys, as a
desulfurizer in the iron and steel industry; and as a reducing agent
in the production of beryllium and titanium. Gray iron foundries use
magnesium and magnesium-containing alloys as ladle addition agents
introduced just before the casting is poured. Magnesium is also being
used in pyrotechnics.
Designation for alloys shall consists of not more than two letters
representing the alloying elements specified in the greatest amount,
arranged in order of decreasing percentages, or in alphabetical order
if equal percentages, followed by the respective percentages rounded
off to whole numbers and a serial letter. The full name of the base
metals precedes the designation, but it is omitted for brevity when
the base metal being referred to is obvious.
A standard system of alloy and temper designations, according to
ASTM B 275, is explained in the table bellow.
First part
Second part
Third part
Fourth part
Indicates the two principal alloying elements
Indicates the amounts of the two principal alloying elements
Distinguishes between different alloys with the same percentages of the two principal alloying elements
Indicates condition (temper)
Consists of two code letters
representing the two main alloying elements arranged in order of
decreasing percentage (or alphabetically if percentages are equal)
Consists of two numbers
corresponding to rounded-off percentages of the two main alloying
elements and arranged in same order as alloy designations in first part
Consists of a letter of the alphabet assigned in order as compositions become standard
Consists of a letter followed by a number (separated from the third part of the designation by a hyphen)
