SMM Data: China’s Magnesium Alloys Output In August And Forecast For September

SHANGHAI, Sep 12 (SMM) – According to SMM data, the production of magnesium alloys in China reached 27,000 mt in August 2023, showing a 2.4% increase MoM and a 2.8% increase YoY. The cumulative production for the year reached 210,000 mt, with a cumulative increase of 1.4% YoY.

In August, the domestic production of magnesium alloys continued to rebound, and market activity increased. According to sales personnel from some magnesium alloy companies, there has been an increase in overseas inquiries after the end of the summer holiday, and the volatility of magnesium prices has stimulated the effective release of domestic downstream orders to some extent. Considering that the resumption time in the main production areas of magnesium ingots is still uncertain and with the arrival of the traditional peak season of "Golden September and Silver October," it is expected that the orders for magnesium alloys will continue to recover. It is projected that the domestic production of magnesium alloys in September will be approximately 28,000 mt.