Sluggish Morning Trading, Recovery in the Afternoon; Magnesium Prices Held Up Well [SMM Spot Magnesium Ingot Flash Report]

Published: Mar 2, 2026 18:17

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[Sluggish in the Morning, Recovered in the Afternoon; Magnesium Prices Held Up Well] The magnesium market was generally stable with a slight rise. In the morning, supply side, magnesium producers showed strong sentiment to hold prices firm, with mainstream quotations concentrated at 16,700-16,800 yuan/mt; some small producers were willing to accept shipments at 16,600 yuan/mt, and market inquiries showed mediocre performance.

The magnesium market was generally stable with slight rise. In the morning, supply side, magnesium plants showed strong sentiment to hold prices firm, with mainstream quotations concentrated at 16,700-16,800 yuan/mt. Some small plants were willing to accept shipments at 16,600 yuan/mt, and market inquiries showed mediocre performance. Demand side, downstream purchase willingness was weak. An aluminum plant said it would temporarily not accept the current quotation of 16,700 yuan/mt and was waiting for a price pullback. As for traders, some traders had a psychological purchase price at 16,500 yuan/mt, saying their clients were also unwilling to place orders at 16,600 yuan/mt, and market inquiries were sluggish. In the afternoon, some traders entered the market to purchase, and multiple magnesium plants concluded deals at 16,700 yuan/mt. Subsequently, magnesium plants raised quotations to 16,800 yuan/mt, and magnesium prices held up well.

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