April 14 SMM small metal spot price: magnesium ingot (main production price ≥ 99.9%) average price down 50 yuan / ton

[Cost Support Loosens and Inventory Diverges, Magnesium Ingot Transactions Remain Sluggish with Consolidation] Quotes for all grades of magnesium ingot were basically flat. The pullback in coal loosened cost support. Smelter inventory sentiment diverged, downstream users purchased as needed, and export circulation was hindered. Overall transactions were sluggish, and foreign trade of magnesium ingot is expected to continue consolidating in the short term.

[Smelters Hold Prices Firm but Deals Cool, Domestic and Overseas Markets Diverge] Today, magnesium ingot offers in Fugu varied by grade. Domestic smelters held prices firm, but high-price deals met resistance, with downstream buyers making only just-in-time procurement. Pullbacks in coal and ferrosilicon weakened cost support, and bearish sentiment in the market intensified. FOB offers in the overseas market rose in line with domestic ex-works prices. However, clients outside China remained cautious in taking orders, and high inventory levels left elevated offers lacking support from actual transactions. Overall, the market is caught in a tug-of-war between smelters holding prices firm and weak demand both domestically and overseas. In the short term, magnesium ingot prices are expected to move sideways.

【SMM Magnesium Flash】On September 7th, Yian Technology disclosed its investor relations activity records. In the first half of 2026, the company's magnesium product revenue reached 376.5 million yuan, marking a year-on-year increase of 64.41%. The magnesium-aluminum alloy business has become a new growth point for the company. Through technological transformation, the company's equipment capacity can achieve magnesium-aluminum conversion, and the overall operating rate is good. Meanwhile, the supplementary materials for the registration application of magnesium bone screws have been submitted, and approval is expected to be completed within 3 to 6 months. With the continuous increase in magnesium product volume and the implementation of medical magnesium alloy registration, the magnesium business is expected to become an important support for the company's performance recovery.