China's magnesium alloy output stood at 27,000 mt in April, up 6.4% MoM but down 7.1% YoY, according to SMM statistics. YTD output through April totalled 104,000 mt, a year-on-year increase of 5.1%.
According to domestic magnesium alloy enterprises, the deliveries to downstream buyers were concentrated in April, and the output increased significantly. Regarding alloy orders, a salesperson of a large magnesium alloy from ICBC said that overseas orders are still sluggish. Due to the significant fluctuations in magnesium prices, the placing of downstream orders for alloys was hampered in April. As magnesium prices stabilise, alloy orders are expected to grow in May, and domestic magnesium alloy production is expected to be 27,000 mt in May.
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