[SMM investigation] Zhenxin magnesium Industry reduces production by 30%

SMM4 March 14: Zhenxin magnesium Industry has reduced production by 30% since April 14, and the time to restore production capacity depends on market conditions.

Zhenxin magnesium owner's products are magnesium alloy, with a monthly production capacity of 4500 tons, and this production reduction is about 1300 tons per month. At present, affected by the epidemic situation abroad, the export volume of magnesium alloy has been reduced seriously, and the downstream orders have also been reduced by the sales of end products. Magnesium alloys are mostly produced according to orders, and the overall market demand is shrinking at present, so the output should be adjusted accordingly.