SMM Output For Magnesium Ingot In July And Forecast For August

SHANGHAI, Aug 15 (SMM) –

According to SMM data, China's magnesium ingot output in July 2023 was 51,000 mt, a month-on-month decrease of 3.1%, and a year-on-year decrease of 26.48%. The cumulative output was 430,000 mt, a year-on-year decrease of 24.9%.

In July, the output of major domestic production areas was affected by semi-coke plant rectification and continued to run at a low level. At the same time, a factory in Xinjiang stopped operation for a month for maintenance and has now resumed production. The overall domestic output dropped by nearly 2,000 mt compared with the previous month. In addition, due to the hot summer, the output of single reduction furnace decreased slightly. And policies made the time for the resumption of production of magnesium plants in the main production area temporarily uncertain. In August, the main production area may maintain low output, and the domestic output is expected to be about 53,000 mt.