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Home / Metal News / Magnesium Prices Continue to Fall amid Strong Wait-And-See Sentiment

Magnesium Prices Continue to Fall amid Strong Wait-And-See Sentiment

Nov 30, 2022 14:49

Source:SMM

SHANGHAI, Nov 30 (SMM) – The mainstream ex-factory prices of Mg90% magnesium ingots in Fugu county, Shaanxi province, were around 22,000-22,200 yuan/mt on November 30, which was 350 yuan/mt lower than the previous trading day.

SHANGHAI, Nov 30 (SMM) – The mainstream ex-factory prices of Mg90% magnesium ingots in Fugu county, Shaanxi province, were around 22,000-22,200 yuan/mt on November 30, which was 350 yuan/mt lower than the previous trading day. Affected by the imbalance between supply and demand, magnesium prices continued to fall. The continuous decline in magnesium prices turned end users more cautious about placing orders. High inventory forced magnesium plants to sell at lower prices.

In view of poor domestic and overseas demand, magnesium prices may fall further in the second half of the week.

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