SMM Data: China’s Magnesium Powder Output In August And Forecast For September

SHANGHAI, Sep 13 (SMM) – According to SMM data, the production of magnesium powder in China reached 5,200 mt in August 2023, showing a 4.6% decrease MoM. The cumulative production for the year reached 44,000 mt.

In August, the overall operating rate of the magnesium powder market decreased as some domestic magnesium plants were hindered from resuming production due to safety supervision issues. The head of a large magnesium powder company stated that due to the sustained high prices of magnesium in the domestic market and limited willingness of downstream companies to follow suit, coupled with uncertain resumption time of some magnesium powder plants, the domestic production of magnesium powder in September may remain sluggish. According to SMM statistics, the cumulative year-on-year decrease in domestic magnesium powder production from January to August was 21%, indicating a severe contraction in the magnesium powder market. Under the influence of the sustained upward trend in magnesium prices, it is expected that the domestic production of magnesium powder will continue to decline in September, reaching approximately 5,100 mt.