Price for Magnesium; Waste and Scrap in China - 2023
Contents:
- Price for Magnesium; Waste and Scrap in China (FOB) - 2023
- Price for Magnesium; Waste and Scrap in China (CIF) - 2022
- Exports of Magnesium; Waste and Scrap in China
- Imports of Magnesium; Waste and Scrap in China
Price for Magnesium; Waste and Scrap in China (FOB) - 2023
In September 2023, the average magnesium; waste and scrap export price amounted to $3,289 per ton, remaining relatively unchanged against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 16% m-o-m. The export price peaked at $4,087 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +1.8% per month.
Price for Magnesium; Waste and Scrap in China (CIF) - 2022
In 2022, the average magnesium; waste and scrap import price amounted to $1,913 per ton, therefore, remained relatively stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 47% against the previous year. As a result, import price reached the peak level of $1,920 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,142 per ton), while the price for Tanzania ($345 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Magnesium; Waste and Scrap in China
In 2022, magnesium; waste and scrap exports from China soared to 9K tons, with an increase of 146% compared with the previous year's figure. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, magnesium; waste and scrap exports skyrocketed to $36M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Waste and Scrap in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.1 | 6.6 | 5.3 | 23.6 | 37.4% |
| Brazil | 0.6 | 0.7 | 1.1 | 3.8 | 85.0% |
| Taiwan (Chinese) | 2.7 | 2.7 | 1.0 | 3.3 | 6.9% |
| Canada | 0.3 | 0.3 | 1.2 | 2.0 | 88.2% |
| Netherlands | 0.2 | 0.4 | 0.7 | 1.8 | 108.0% |
| Serbia | 0.3 | 0.2 | 0.2 | 0.6 | 26.0% |
| Others | 0.6 | 3.3 | 1.6 | 0.8 | 10.1% |
| Total | 13.8 | 14.1 | 11.2 | 36.0 | 37.7% |
Top Export Markets for Magnesium; Waste and Scrap from China in 2022:
- United States (4.4K tons)
- Taiwan (Chinese) (1.3K tons)
- Serbia (0.9K tons)
- Brazil (0.7K tons)
- Canada (0.7K tons)
- Netherlands (0.6K tons)
Imports of Magnesium; Waste and Scrap in China
In 2022, supplies from abroad of magnesium; waste and scraps increased by 7.3% to 18 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a dramatic downturn.
In value terms, magnesium; waste and scrap imports rose markedly to $34K in 2022. Over the period under review, imports, however, recorded a dramatic decline.
| Import of Magnesium; Waste and Scrap in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 195 | 31.8 | 26.4 | 29.5 | -46.7% |
| Malaysia | 23.5 | 4.0 | 3.4 | 4.0 | -44.6% |
| Indonesia | 2.3 | 0.4 | 0.3 | 0.3 | -49.3% |
| Germany | 2.0 | 0.3 | 0.2 | 0.2 | -53.6% |
| Others | 2.1 | 0.3 | 1.4 | 0.2 | -54.3% |
| Total | 225 | 36.7 | 31.8 | 34.3 | -46.6% |
Top Suppliers of Magnesium; Waste and Scrap to China in 2022:
- Taiwan (Chinese) (13.8 tons)
- Malaysia (3.3 tons)
- Indonesia (0.3 tons)
- Germany (0.3 tons)
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