Magnesium Market Continued to Weaken at the Start of the Week, Short-Term Low Gradually Emerging with Soft Landing Expected [SMM Spot Magnesium Ingot Express]

Published: Apr 20, 2026 18:05

Save

[Magnesium Market Continued to Weaken at the Start of the Week; Short-Term Low Gradually Emerging with Soft Landing Expected] The 99.90% magnesium ingot price in the main producing area was quoted at 16,950-17,050 yuan/mt today, down 50 yuan/mt from the earlier quote.

SMM Flash News April 20:

Today, 99.90% magnesium ingot prices in major producing areas were quoted at 16,950-17,050 yuan/mt, down 50 yuan/mt from earlier quotes.

As the market resumed trading at the beginning of the week, the magnesium market continued to weaken today. Leading primary magnesium smelters held firm quotes at 17,000 yuan/mt, while low-priced supplies occasionally emerged in the market, with overall quotes hovering around 16,800-16,900 yuan/mt. However, downstream traders maintained a strong wait-and-see sentiment, and market transactions were lackluster. Supply-demand side, on the supply side, primary magnesium smelters maintained stable supply, with some producers in major producing areas continuing to raise operating rates. Additionally, due to the earlier decline in magnesium prices, some primary magnesium smelters saw a slight increase in inventory pressure. Demand side, with stockpiling ahead of the Labour Day holiday approaching, some downstream buyers were waiting for the right period to enter the market for purchases. Overall, the magnesium market's short-term low may soon emerge, and magnesium prices are expected to gradually achieve a soft landing going forward.

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 for 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

7 hours ago

Longbai Group Raises Xuelian® Titanium Dioxide Prices by 1,000 Yuan/ton in China, $150/ton Internationally

[SMM Titanium Flash News] Longbai Group announced that starting from June 5, 2026, it will raise the prices of all Xuelian® titanium dioxide products: by 1,000 yuan per ton in the domestic market and by 150 US dollars per ton in the international market. This price adjustment is based on the current market situation, and the company will continue to monitor market dynamics in the future.

7 hours ago

Taineng Chemical Raises Titanium Dioxide Prices by 1,000 Yuan/ton for Domestic, $150/ton for International Customers

[SMM Titanium News] Taineng Chemical has issued a price adjustment notice. Effective June 5, 2026, the sales prices of all grades of titanium dioxide will be increased: domestic customers will see a price increase of 1,000 yuan per ton, and international customers will see a price increase of 150 US dollars per ton. The price adjustment will remain in effect until the next price adjustment notice takes effect.

7 hours ago

Lubei Chemical's Xianghai Tech Expands Chlorination TiO2 Capacity to 120,000 Tons Annually

[SMM Titanium Flash News] The expansion project of Xianghai Technology, a wholly-owned subsidiary of Lubei Chemical, with an annual production capacity of 60,000 tons of chlorination-process titanium dioxide, was successfully commissioned in one go on May 22, 2026, and has entered the trial production phase. This is a core move for the company to upgrade its product structure to high-end. After the project reaches full production, the company's total chlorination-process production capacity will reach 120,000 tons per year. The key points to watch are whether the trial production goes smoothly, the speed of capacity ramping up, and whether high-end products can bring the expected improvement in profitability.

7 hours ago