Magnesium Ingot Output Maintains High Level in March

In March 2022, the output of magnesium ingots in China was 86,800 tons, an increase of 4.33% annually and 30.83% year-on-year, with a cumulative output of 247,400 tons, an increase of 26.20% year-on-year.

In March, the output of domestic magnesium plants maintained a high level. According to the existing production plan of magnesium plants, some factories in Xinjiang and Inner Mongolia have maintenance plans in April, and the maintenance time is expected to be one month, which will affect the output of each factory by 50% -100% in that month.

Considering that the follow-up semi-coke rectification rules in the main production area have not yet been issued, in order to cope with the impact of the follow-up semi-coke policy on supply, the overall inventory acceptance of magnesium plants is high. Under the current profit support, it is expected that domestic magnesium plants will maintain a high production enthusiasm in April, and the output of magnesium ingots will be about 82000 tons.