SMM: Weekly Magnesium Social Inventory Up 4.41%, Cautious Procurement Amid Weak Overseas Orders

Published: Nov 6, 2025 16:02

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[SMM Magnesium Weekly Inventory Data] This week, social inventory increased by 4.41% compared to the previous week. Minor inventory accumulation was observed in major regions such as Tianjin and Shanxi, with both trader and factory stocks remaining at relatively high levels. However, persistently weak overseas orders have led traders to generally adopt a cautious, wait-and-see procurement strategy.

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.

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