The magnesium market closed steadily before the holiday, with trading activity turning quiet as participants await post-holiday resumption [SMM Magnesium Morning Meeting Summary]

Published: Feb 12, 2026 09:56

Save

[ SMM Magnesium Morning Meeting Minutes: Magnesium Market Closes Steadily Before Holiday, Transactions Turn Sluggish Awaiting Post-Holiday Restart ] February 12, raw material side: dolomite and ferrosilicon prices remained unchanged from the previous working day. Magnesium ingot market quotations were stable, with mainstream transaction prices in the Fugu area maintaining at 16,350-16,450 yuan/mt. Approaching the Chinese New Year, supply-side enterprises' willingness to sell weakened, quotations were mainly stable, and logistics shipments slowed down significantly; domestic trade spot cargo transactions were sluggish, with only small amounts of just-in-time procurement, and transactions were mainly futures orders; in foreign trade, some forward orders for delivery by the end of March have started tenders. The ferrosilicon market benchmark price and processing fee both held steady, enterprise production was normal, downstream die-casting and end-user enterprises were gradually going on holiday, transactions tended to be mediocre, and supply-demand maintained a tight balance. The magnesium powder market operated steadily, enterprises' pre-holiday stockpiling was basically completed, production pace slowed down, domestic trade procurement wrapped up, logistics capacity declined, and the transaction atmosphere turned cold, with limited new orders in foreign trade. Overall, the magnesium industry chain entered a stable pre-holiday operation phase, prices of all varieties held steady, market trading tended to be sluggish, quietly awaiting post-Chinese New Year demand recovery and the landing of new orders.

SMM February 12 Magnesium Morning Meeting Minutes:

Magnesium Raw Materials

Prices

The ex-factory price, excluding tax, for 1-3 cm dolomite (Wutai) was 108 yuan/mt, flat from the previous working day; the ex-factory price, excluding tax, for 2-4 cm dolomite (Wutai) was 128 yuan/mt, flat from the previous working day; the mainstream ex-factory price for 75 ferrosilicon in Shaanxi was 5,950 yuan/mt.

Supply and Demand

Magnesium Ingot

Prices

Today, the mainstream transaction price for magnesium ingot in the Fugu area was 16,350-16,450 yuan/mt, flat from the previous working day; the China FOB price was $2,320-2,380/mt.

Supply and Demand

Magnesium prices held steady yesterday. Approaching the Chinese New Year, primary magnesium smelters' willingness to sell weakened on the supply side, overall market offers were stable, and the pace of logistics shipments slowed down significantly. Affected by logistics, spot transactions in the downstream domestic trade market were sluggish, with only small amounts of just-in-time procurement; transactions were mainly futures orders. For foreign trade, some tenders for orders were initiated in the first half of the month, mostly for forward delivery by the end of March.

Magnesium Alloy

Prices

Today, the mainstream tax-included ex-factory price for magnesium alloy in China was 18,600-18,800 yuan/mt; the China magnesium alloy FOB price was $2,600-2,650/mt.

Supply and Demand

The magnesium alloy market showed a pattern where both the benchmark price and the processing fee held steady yesterday. On the supply side, magnesium alloy producers finished raw material stockpiling, with most alloy enterprises maintaining normal production. On the demand side, downstream die-casting and end-user enterprises were on holiday successively, market transactions returned to mediocre, and the current market supply-demand maintained a tight balance. Magnesium alloy prices are expected to hold steady in the short term.

Magnesium Powder

Prices

Today, the mainstream tax-included ex-factory price for 20-80 mesh magnesium powder in China was 17,550-17,750 yuan/mt; the China FOB price was $2,480-2,540/mt.

Supply and Demand

The magnesium powder market operated steadily overall yesterday. On the supply side, magnesium powder enterprises had basically completed pre-holiday stockpiling of raw material magnesium ingots, and the production pace gradually slowed down. Demand-side performance weakened, domestic trade market procurement basically concluded, stockpiling nearly completed, coupled with a decline in logistics capacity, the trading atmosphere cooled; new orders in the foreign trade market this month were also relatively limited.

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 to learn 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.minsAgo

Rhenium Market in Early February: Cooling Trading Amid Rising Prices, Sustained Supply-Demand Game Ahead

Common.Time.minsAgo

Common.Time.hoursAgo

Gearing Up for 2026! Magnesium Market Ends January on a Stable Note, Nearly 300,000 mt of Demand Growth Boosts New Industry Prosperity [SMM Domestic Analysis]

[Gearing Up for 2026! Magnesium Market Wraps Up a Stable January, Nearly 300,000 mt of Additional Demand to Boost Industry's New Prosperity] The magnesium market's performance for the year has now concluded. Price fluctuations in the magnesium market during 2025 may not have stood out among nonferrous metals, but it is precisely this past stability that is expected to foster the potential for nearly 300,000 mt of additional magnesium alloy demand growth in 2026. The magnesium metal market in 2026 is set to embark on a year of prosperity, marking a crucial step toward a thriving future. The industry is poised to write a new chapter of growth, which is highly anticipated across the sector. As we bid farewell to the old and welcome the new, on behalf of the SMM Magnesium Team, I would like to extend our sincerest gratitude to colleagues in the industry, magnesium enterprise partners, experts, and scholars who have long cared for and supported SMM. Wishing everyone a prosperous New Year, immediate success, abundant wealth, and lasting good fortune!

Common.Time.hoursAgo

[SMM Survey] Magnesium at the Crossroads: Utah Buys Polluted Magnesium Plant for $30M; Austria Advances New Alloy Tech

Utah paid $30 million for a bankrupt magnesium plant—but not the $100 million cleanup. Its toxic legacy seeps toward the Great Salt Lake, unpaid. Across the Atlantic, Austria’s LKR cracked magnesium’s code: alloy ZAX210 now shapes into wire for medical implants and 3D printing. Two faces of the same metal: one buried in liability, the other alight with possibility.

Common.Time.hoursAgo