[smm magnesium morning meeting summary: cost-driven magnesium market holds up well pre-holiday stockpiling boosts downstream demand] on september 17, the price of dolomite, a raw material for magnesium, significantly increased, and ferrosilicon held up well due to support from steel procurement, pushing up the smelting cost of magnesium. magnesium ingot prices slightly decreased but transactions were good, with producers showing a stronger reluctance to budge on prices, and it is expected that under the support of costs, the market will maintain a strong hold. alloy enterprises faced tight spot supply of magnesium due to end-use demand, leading to an increase in processing fees, but the downstream was cautious about accepting high prices. the magnesium powder market saw active pre-holiday stockpiling, with supply increasing, and prices are expected to remain stable. overall, the market exhibited characteristics of both cost-driven and divergent demand.