China's Magnesium Powder Output Dipped in January

SHANGHAI, Feb 9 (SMM) - China's magnesium powder output stood at 6,000 mt in January, down 2% MoM. YTD output through January totalled 6,000 mt.

In January, the domestic magnesium powder market remained relatively stable. Due to the impact of the CNY holidays, the output of some magnesium powder companies declined. It is understood from the producers that the relatively high price of magnesium has diminished the demand from downstream steel mills. The market orders failed to pick up noticeably post-CNY holidays.

But considering the weather will get warmer and the downstream production resumption will progress, magnesium powder market is expected to pick up down the road. In February, the output is estimated at roughly 7,000 mt.