Shandong Huashengrong Enters North America with Advanced Soluble Magnesium Alloy Tech

[SMM Weekly Magnesium Inventory Flash Report] This week, social inventory increased by 3.8% month-on-month, showing a slight inventory accumulation trend overall. Looking at different regions, inventories in Shaanxi, Shanxi, and Tianjin Port have all accumulated to varying degrees. In the Shaanxi region, speculative sentiment has strengthened, with some traders making small purchases at low prices and hoarding goods to wait and see the after-market. In the Shanxi region, the purchased goods of some traders have gradually flowed into warehouses. As for Tianjin Port, export orders have remained sluggish, and since the document submission deadline has not yet arrived, inventory reduction through export sales has been hindered, leading to inventory backlog. Overall, the digestion of circulating goods has been slow, and inventory pressure may persist.

[SMM Weekly Magnesium Inventory Flash Report] This week, manufacturers' inventory decreased slightly by 0.95% compared to the previous week, and the domestic social inventory of magnesium ingots also declined slightly. Multiple smelters in the main production areas have concentrated on shutdown for maintenance, and the contraction of overall market supply has supported inventory reduction; however, regional differentiation is significant. Only a few enterprises in Fugu have actively cleared inventory and shipped goods, driving continuous accumulation of factory inventory in the Shaanxi region; in contrast, magnesium enterprises in Ningxia have a strong willingness to ship goods, with a prominent decline in local manufacturers' inventory, forming a sharp contrast in inventory trends between the two regions.

[SMM Weekly Magnesium Production Flash Report] From July 3 to July 9, the weekly production of the national sample magnesium plants was 23,419 tons, with a weekly operating rate of 76.83%, down 7.41% month-on-month. According to the survey, this week, multiple primary magnesium smelting enterprises have entered the shutdown and maintenance cycle, and the overall operating rate of the industry has significantly declined. A magnesium plant in Shanxi completed production and produced magnesium ingots last week, but the overall production reduction scale of the industry far exceeded the contribution of new production capacity, and the total production of primary magnesium continued to decline. The planned resumption time of enterprises undergoing centralized maintenance in Shaanxi during this round is mostly concentrated in mid-to-late July, and some manufacturers said that the resumption node will be flexibly adjusted according to the magnesium price market, and it is expected that the domestic primary magnesium output will continue to contract next week.