SHANGHAI, Oct 11 (SMM) –
According to SMM data, China's magnesium alloy output was 26,000 mt in September, down 0.8% MoM and 5.7% YoY, bringing total output in the first nine months of 2023 up to 235,000 mt, up 0.5% YoY.
Weighed down by sluggish foreign trade demand, fraught competition among magnesium alloy sellers appeared in September. Low magnesium alloy prices caused a few magnesium alloy producers to switch to magnesium ingot production. October will see weaker-than-expected order intakes in domestic magnesium alloy market. Given that magnesium alloy plants will schedule their production based on their sales, magnesium alloy output in October is expected to remain around 27,000 mt.
![Costos respaldan las cotizaciones del lingote de magnesio; la débil demanda en los mercados nacional e internacional podría llevar a una consolidación [SMM Informe exprés del mercado spot del lingote de magnesio]](https://imgqn.smm.cn/usercenter/LYGyd20251217171725.jpg)

![El aumento de los costos de producción impulsa al alza los precios de los lingotes de magnesio, mientras que la débil demanda limita el repunte [SMM Magnesium Ingot Spot Express]](https://imgqn.smm.cn/usercenter/qjvqf20251217171725.jpg)
