SHANGHAI, Aug 15 (SMM) –
According to SMM data, the output of magnesium powder in China in July 2023 was 5,400 mt, a month-on-month increase of 14.5%, and the cumulative output was 38,000 mt.
In July, the magnesium powder market was highly active, and some factories had sufficient orders to maintain a full operation. The person in charge of a large magnesium powder factory said that except for a few large factories gaining good orders, the operating rate of other magnesium powder factories was still at a low level. Due to the recent fluctuations in raw material prices, the price disadvantage of magnesium powder over other alternatives has been further magnified. It is expected that China's magnesium powder output will remain low at about 5,100 mt in August.
