China may export less magnesium products in the rest of this year, according to Sun Qian, deputy secretary-general of magnesium branch of the China Nonferrous Metals Industry Association.

Export of key magnesium products (magnesium ingot, magnesium alloyand magnesium powder) increased 20 percent in the first half despite that China lifted the export tariff of magnesium ingot, magnesium alloy and magnesium scrap by 10 percent at the beginning of the year.

Sun Qian said that the export volume of magnesium products climbed 32.3 percent in the first half.

Export of three types of primary magnesium products, magnesium ingot, magnesium alloy and magnesium powder and granules, accounting for 97.6 percent of the total export.

The reason for the growth of magnesium products export is that domestic suppliers and oversea buyers stocked inventory ahead of time for June-September in case of delivery failure.

According to Sun, oversea demand for magnesium products will not increase by large margin, and is likely to decline on deteriorating economic situation.

Export of magnesium products may drop in July-September, and is expected to pick up in October-December.

The magnesium products export volume may be less than that of last year. – China Mining