SHANGHAI, Oct 12 (SMM) –
According to SMM data, China's magnesium powder output was 5,100 mt in September, down 2.1% MoM, bringing total output in the first nine months of 2023 up to 49,000 mt.
Prolonged production cuts at some magnesium plants, triggered by safety supervision issues in the north, kept the overall operating rate of magnesium power market low. The person in charge of a large magnesium powder company said that downstream buyers were reluctant to accept current magnesium powder prices amid high price of magnesium ingots and weak profits of steel mills. Upcoming replenishing demand from outside China will probably bring with a mild pick-up of magnesium powder market. It is expected that domestic output of magnesium powder in October will inch up to 5,300 mt.
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