Magnesium Market in the Doldrums, Stagnant Consolidation, Rigid Demand Limited, Transactions Mediocre [SMM Spot Magnesium Ingot Express]
[Magnesium Ingot Futures Edge Down, Limited Just-in-Time Procurement Leads to Mediocre Trading] Today, magnesium ingot prices consolidated on a subdued note. Upstream producers held firm on offers, but room for negotiation on actual orders opened up. Downstream only had sporadic just-in-time procurement and low willingness to restock. Combined with the overseas summer break, where the ex-China market clearly pushed for lower prices, tight supply of low-priced goods limited the downside room. In the short term, the market remained stagnant and subdued, with little chance of significant improvement.