China's Magnesium alloy Output In September And Forecast For October

SHANGHAI, Oct 11 (SMM) –

According to SMM data, China's magnesium alloy output was 26,000 mt in September, down 0.8% MoM and 5.7% YoY, bringing total output in the first nine months of 2023 up to 235,000 mt, up 0.5% YoY.

Weighed down by sluggish foreign trade demand, fraught competition among magnesium alloy sellers appeared in September. Low magnesium alloy prices caused a few magnesium alloy producers to switch to magnesium ingot production. October will see weaker-than-expected order intakes in domestic magnesium alloy market. Given that magnesium alloy plants will schedule their production based on their sales, magnesium alloy output in October is expected to remain around 27,000 mt.