SMM Output For Magnesium Alloy In July And Forecast For August

SHANGHAI, Aug 15 (SMM) –

According to SMM data, China's magnesium alloy output in July 2023 was 26,000 mt, a month-on-month increase of 1.2%, and a year-on-year decrease of 6.7%. The cumulative output was 181,000 tons, a year-on-year increase of 1.2%.

In July, some magnesium alloy factories’ sales staff said that overseas orders had picked up, but future orders were insufficient due to rising raw material prices, and the downstream market was generally weak. With the end of the summer break, overseas magnesium alloy orders are expected to continue to rise. It is expected that the output of magnesium alloys will increase slightly in August, standing at about 27,000 mt.