[SMM Data] China’s magnesium alloy monthly operating rate in January 2024

[Trading Pushes Magnesium Prices Upward, Today's Magnesium Prices Hold Up Well] The magnesium market today generally stable with slight rise. In the morning, on the supply side, magnesium plants showed strong sentiment to hold prices firm, with mainstream quotations concentrated at 16,700-16,800 yuan/mt. Some smaller plants were willing to ship at 16,600 yuan/mt, while market inquiries indicated a mediocre performance.

In 2026, China's magnesium exports face dual pressures: Middle East conflicts have spiked freight rates and blocked major trade routes, while tighter controls on dual-use items to Japan limit growth. Despite 420,000 tons exported in 2025, the industry must shift from low-price "involution" to rational quoting to sustain its global dominance.

[SMM Titanium Express] LB Group issued a price adjustment notice. Based on current market conditions, effective March 2, prices for all Billions brand TiO₂ products will increase by RMB 500/ton for domestic market and USD 100/ton for overseas market. Multiple producers including Taineng Chemical, Chemours, Fangyuan TiO₂, and Bengbu GuoTai also announced price hikes today, indicating a broad-based upward trend in the industry.