China may export less magnesium products in the rest of this year, according to Sun Qian, deputy secretary-general of magnesium branch of the China Nonferrous Metals Industry Association.

Export of key magnesium products (magnesium ingot, magnesium alloyand magnesium powder) increased 20 percent in the first half despite that China lifted the export tariff of magnesium ingot, magnesium alloy and magnesium scrap by 10 percent at the beginning of the year.

Sun Qian said that the export volume of magnesium products climbed 32.3 percent in the first half.

Export of three types of primary magnesium products, magnesium ingot, magnesium alloy and magnesium powder and granules, accounting for 97.6 percent of the total export.

The reason for the growth of magnesium products export is that domestic suppliers and oversea buyers stocked inventory ahead of time for June-September in case of delivery failure.

According to Sun, oversea demand for magnesium products will not increase by large margin, and is likely to decline on deteriorating economic situation.

Export of magnesium products may drop in July-September, and is expected to pick up in October-December.

The magnesium products export volume may be less than that of last year. – China Mining

Magnesium Ingots FOR SALE

Origin: China
Price: CIF  ROTTERDAM USD3753 /MT
Quantity(MT): 20-200
Loading Port: XINGANG
Specifications:
Magnesium : 99.9 % min.
Copper: 0.02% max
Manganese: 0.1% max
Silicon: 0.05 % max
Aluminium : 0.05% max
Other: 0.05% max
Must be dry, oxide free,and free of combustible contaminants
Size: 7.5kg +/- 20%
Packing: 1000 bulk bags
Date Posted: 13 October 2008

Magnesium Ingots

Origin: China
Price: CIF ROTTERDAM USD4045 /MT
QUOTES FOR OTHER PORTS AVAILABLE ON REQUEST
Specifications:
Magnesium: 99.9% minimum
Date Posted: 7 October 2008

Magnesium Ingot

Origin: China
Price: FOB USD3953 /MT
Quantity(MT): 20-200
Loading Port: XINGANG
Specifications:
Magnesium : 99.9 % min.
Copper: 0.02% max
Manganese: 0.1% max
Silicon: 0.05 % max
Aluminium : 0.05% max
Other: 0.05% max
Must be dry, oxide free,and free of combustible contaminants
Size: 7.5kg +/- 20%
Packing: 1000 bulk bags
Date Posted: 7 October 2008

Magnesium ingot market is stable but quiet presently with buyers and sellers all holding back from moving. The material is being offered at RMB24,000-24,300/t (USD3,509-3,553/t) ex works while the concluded price is considered to be in a range of RMB23,800-24,000/t (USD3,480-3,509/t) ex works.
A Shanxi-based producer reported to Asian Metal that the magnesium ingot market has not changed much this week. "Neither buyers nor sellers want to make a concession to each other, so they are watching the market closely for the time being," said the source.
The source puts the mainstream concluded price of magnesium ingot at RMB23,800-24,000/t (USD3,480-3,509/t) ex works, but revealed that many smelters would not like to sell at prices below RMB24,000/t (USD3,509/t) ex works. The source does not think the market will go robust soon, though there are more inquiries coming from foreign buyers who are just testing the market. However, the possibility that the price may drop further by a large margin can be ruled out given the high-held production cost.
Running below its capacity of 10,000tpy, the smelter has not concluded any deal this week.
A producer from South Shanxi confirmed that the magnesium ingot market comes to a standstill as producers refuse to lower their prices further while buyers think the there is still room for the price to go down.
Owing to the sluggish market, the smelter, with a capacity of 5,000tpy, halted production a week ago. It has sold all the stocked materials at prices ranging RMB24,000-24,200/t (USD3,509-3,538/t) ex works. "We received some inquiries from end users, so we intend to buy some magnesium ingot from other smelters in the local area," said the source. "However, some local smelters quote as high as RMB24,400-24,500/t (USD3,567-3,582/t) ex works, which keep us away from buying."
AAccording to the source, due to the increasing price of coal and the bearish coke market, some smelters in Taiyuan, Shanxi have also been forced to reduce production due to high cost or lack of coal-gas. In addition, smelters in South Shanxi are still out of production. Therefore, the stock of magnesium ingot in Shanxi is not so high as it was last month. "Coupled with more inquiries, the magnesium market may keep comparatively stable in the following one or two weeks," the source added.