Low-Priced Spot Cargo Emerged in the Afternoon, Magnesium Market Trading Remained Sluggish [SMM Magnesium Ingot Spot Express]

Published: Apr 8, 2026 17:57

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[Low-Priced Sources Emerged in the Afternoon, Magnesium Market Trading Remained Sluggish] 99.90% magnesium ingot was quoted at 17,400-17,500 yuan/mt in the main producing areas today, down 50 yuan/mt from the morning quotes.

SMM News, April 8:

Today, 99.90% magnesium ingot prices in major producing areas were quoted at 17,400-17,500 yuan/mt, down 50 yuan/mt from earlier quotes.

The magnesium market was in the doldrums today. Primary magnesium smelters softened their quotes, and low-priced supplies increased in the market. In the afternoon, supplies at 17,400 yuan/mt emerged from time to time. Demand side, traders currently showed low interest in prevailing prices. The magnesium market overall saw sluggish inquiries and delayed transaction follow-ups. Overall, magnesium market transactions were sluggish today, and magnesium prices are expected to remain in the doldrums going forward.

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