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HISTORY
World Magnesium Forum 2014
March 26-28, 2013 Nanjing, China
World Magnesium Forum 2013
March 20-22, 2013 Hangzhou, China
World Magnesium Forum 2012
March 28-30, 2012 Xi'an, China
- OverviewMore
- Faced with pressures of sluggish global economic recovery and economic slowdown in China, the global magnesium industry has been suffering with shrinking demand and debates on industry development in 2014 have been intense after some end-users reduced magnesium consumption by seeking alternatives.
- Insiders had hoped to see an improvement in the magnesium export market with the cancellation of the 25% export tax rate of magnesium products on January 1, 2013. However, foreign traders and end-users started to purchase magnesium by prompt orders instead of long-term contracts to avoid risks as a result of the frequent price fluctuations, therefore the market begun to slow down. In addition, the fierce competition in export market encouraged more competitive offering prices, which had a bad influence on regular exporters. The export prices of magnesium kept at low level for some time, largely pulling down the domestic magnesium prices. In 2014, the overall demand from Europe, Asia and the American costumers declined, and profit margins were also severely squeezed. End-users started to build trade relations directly with domestic producers, which presented great challenges for traders. Meanwhile, traders were also faced with unprecedented risks and pressures with the adjustment of custom policies and sharp decline of exchange rate. Some insiders lamented the plight of magnesium industry and had turned to other businesses. Will Chinese magnesium export market structure be changed greatly?
- China is a major producer of magnesium, accounting for 90 percent of global supply. Magnesium prices continued to decline, while foreign buyers focused on hand-to-mouth orders, resulting in a weak market. Could Chinese market pick up? Magnesium Industry Association of Shaanxi was unable to push the prices up by joint operation. Chinese producers operated with low profits, while some even lost money as oversupply of magnesium dragged the prices down again and again. Will magnesium industry witness massive production suspension, reformation and adjustment in the future?
- ProgramMore
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Apr.16 Thursday 16:00 Early Registration 18:00 Welcome Dinner Apr.17 Friday 08:30 Sessions Registration 08:50-09:00 Opening Speech Feiyun Dong, General Manager Fugu Taida Carbonification Co., Ltd. 09:00-09:30 Back to Rationalization, Marching Forward Steadily —Analysis of Transformation on Magnesium Producers in Fugu Feiyun Dong, General Manager Fugu Taida Carbonification Co., Ltd. 09:30-10:00 Magnesium --New Opportunity in China on Lightweight Material for Automotive Industry Dr. Zisheng Zhen, Technical Director of Magontec Asia Magontec Xi’an Co., Ltd. 10:00-10:30 Coffee Break 10:30-11:00 The Status of Japanese Magnesium Market Takahiro Morito, Corrosion Control manager, Designing Team Leader Chuokosan Co., Ltd.
- ContentMore
- ♦ 2014 magnesium metal market overview and 2015 magnesium metal market outlook
- ♦Gone was the favorable magnesium production cost under dull semi-coke market in 2014, can Shaanxi maintain its dominance of magnesium market in 2015?
- ♦Influence of China’s elimination of magnesium metal export tariff
- ♦Opportunities and challenges for magnesium markets in Europe, Asia and America in 2015
- ♦Magnesium powder market sees weak operations in 2014 as a result of falling demand from steel mills, can it see any turnaround in 2015?
- ♦2015 magnesium industry prospect and its possible influence
- ♦How to adjust industry structure and explore new economic growth points for magnesium metal?
- ♦Qinghai Salt Lake Magnesium Metal Project’s impact to magnesium industry
- Registration RatesMore
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Before Apr. 18 Rates AM members USD1980 USD2280 Non-members USD2180 USD2480 Account name: Asian Metal Ltd
Account number: 338956010219
Swift Code: BKCH CN BJ 110
Bank: Bank of China Beijing Guang Hua Lu Sub-Branch, 1/F Haiguan Building,10 Guanghua Road, Beijing China
