Magnesium Market Stagnant but Temporarily Stable; Transactions Recover Slightly [SMM Spot Magnesium Ingot Flash Report]

Published: Jun 15, 2026 18:01

Save

[Magnesium Market Stalemate with Temporary Stability, Transactions Slightly Recover] Today, the 99.90% magnesium ingot price in the main production areas was quoted at 16,300-16,350 yuan/mt, down by 50 yuan/mt from the previous working day.

SMM June 15 flash:

Today, mainstream quotations for magnesium ingot in the Fugu area were 16,300-16,350 yuan/mt, and China FOB prices were reported at $2,330-2,400/mt.

Today, domestic magnesium ingot quotations edged slightly lower to 16,300-16,350 yuan/mt, while transactions showed some recovery. Tianjin port FOB quotations remained stable at $2,330-2,400/mt. Supply side, large producers’ quotations stabilized, but some small producers plan to conduct maintenance; overall inventory remained high, and supply was ample. Demand side, both domestic and foreign demand remained weak overall, with few new export orders; transactions were mainly based on rigid demand and long-term contracts. Coupled with high oil prices and tight shipping space, ocean freight rates on various routes experienced wild swings and marked increases, further suppressing exports. Overall, in the short term, the magnesium ingot market continues to see strong supply and weak demand. The recovery in transactions is unlikely to turn the overall market around. Domestic and export prices are expected to remain in a stagnant, fluctuating trend.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

Magnesium Inventories Down 3.00% MoM, Regional Disparities Evident Amid Production Cuts and Port Accumulation

[SMM Magnesium Weekly Inventory Brief] This week, social inventories decreased by 3.00% month-on-month, showing a regional divergence. In major production areas, inventory reduction was more pronounced due to the progress of long-term contract deliveries and production cuts by some manufacturers. Meanwhile, Tianjin Port experienced slight inventory accumulation as low-priced resources stimulated traders' stockpiling. Overall, the inventory reduction in production areas provided some bottom support for magnesium prices, but the port inventory accumulation reflects persistent export difficulties, with short-term supply-demand imbalances still awaiting resolution.

Common.Time.hoursAgo

Antimony Prices Decline Amid Sluggish Market and Cautious Buyer Attitudes

Antimony market prices continued to weaken this week. As the second half of June sets in, overall market trading activity remains sluggish. While end-users across the board are holding inventories at very low levels, the wait-and-see attitude in procurement remains pronounced, with purchases limited to immediate needs. Certain enterprises continue to offload material, still offering price concessions, with the primary objective being to move product. As of now, SMM antimony average prices are as follows: Grade 2 low-bismuth antimony ingot at 127,500 yuan/tonne, 99.5% grade at 108,500 yuan/tonne and 99.8% grade at 117,500 yuan/tonne.

Common.Time.hoursAgo

Manufacturers' Daily Output Increase Covered Maintenance Reductions, Yet Transaction Recovery Failed to Reverse Plant Inventory Accumulation [SMM Magnesium Weekly Data]

[Producer Daily Output Increase Covers Maintenance Reduction; Transaction Recovery Fails to Halt Factory Inventory Buildup] During June 12-18, magnesium weekly output rose WoW, with maintenance at some enterprises not offsetting the supply increase. Factory inventory edged up slightly, while social inventory diverged, as producing regions destocked and port inventories built up. Weak exports put short-term supply-demand under pressure.

Common.Time.hoursAgo