China exported 232400 tons of magnesium and magnesium products in the first half of the year

SMM7, 31 March-according to statistics from the General Administration of Customs, China's exports of magnesium and its products totaled 232400 tons in the first half of 2019, an increase of 19.3 percent over the same period last year, and the cumulative export value was US $4.117 billion, an increase of 34.3 percent over the same period last year.

Of these, in June, the export volume of magnesium and products under six tax codes totaled 37100 tons, an increase of 8.0 percent over the same period last year, and the export value was US $668 million, an increase of 23 percent over the same period last year.

Compared with the previous month, magnesium exports in June increased by 5.03% over May, and the amount of exports increased by 9.28%. Looking back at the magnesium market in June, the magnesium price in June entered a rapid correction channel, brushing a new one-year low, with the magnesium price falling, buyers began to focus on procurement in the middle and late June, and the transaction increased significantly, as can be seen from the export data in June.

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