Output of Magnesium Powder Stood at 6,700 mt in March, up 15.76% from February

SHANGHAI, Apr 11(SMM) - The domestic output of magnesium powder stood at 6,700 mt in March, up 15.76% on the month. The average operating rate of the magnesium powder industry stood at 39.43%. The domestic output of magnesium powder showed a slight pick-up in March, but overall orders were less than expected. In terms of persons in charge of the magnesium powder plants, on the one hand, the overseas stockpiling led to the weak demand; on the other hand, due to the Russia-Ukraine conflicts, energy prices surged in Europe, resulting in the rise of energy costs at steel mills and declining output. Considering that the energy crisis has aggravated the impact of weak overseas demand for magnesium powder, the domestic output of magnesium powder is expected to grow slightly to 6,800 mt in April.