Ningde Zirconium-Magnesium Park Advances 400,000-Ton New Materials Project, Strengthening Local Industrial Chain

[Magnesium Market Trading Volume Recovered Today, Price Center Edged Slightly Up] Today, producers’ sentiment to hold prices firm was strong, and magnesium prices faced difficulty in dropping further. Affected by this, some traders entered the market to purchase in the afternoon, pushing up trading volume once again. Magnesium prices showed a climbing trend, with multiple magnesium plants closing deals at 15,900 yuan/mt. Currently, some producers are temporarily not selling at 15,900 yuan/mt.

【SMM Magnesium Express】Today, the mainstream transaction of magnesium ingot market is concentrated at 15850-15900 yuan/ton, the market trading sentiment has picked up somewhat, and magnesium prices are fluctuating upward. In the morning, the mainstream quotation from smelters stood at 15850 yuan/ton, with some orders transacted at this price; producers have a strong willingness to support prices, leaving limited room for further decline in magnesium prices. In the afternoon, traders entered the market for centralized procurement, driving an increase in market trading volume and pushing prices higher. Multiple magnesium plants closed deals at 15900 yuan/ton, and at the current stage, some manufacturers have chosen to suspend shipments at the price of 15900 yuan/ton.

[Magnesium Ingot Market Stalemate Continues, No Signs of Export Orders Recovering as Expected in the Short Term] Magnesium prices held steady today. Sentiment to hold prices firm was high among primary magnesium smelters, but actual demand failed to pick up. The previously expected recovery in export orders, driven by the end of the overseas summer break, still showed no obvious improvement.