Magnesium Prices Remained Stable Today [SMM Magnesium Ingot Spot Bulletin]

Published: Jan 06, 2025 17:16 (GMT+8)

Save

[SMM Magnesium Ingot Spot Brief: Magnesium Prices Remained Stable Today] SMM reported on January 6 that the mainstream quotations from magnesium ingot smelting enterprises were 15,950-16,050 yuan/mt, and the mainstream transaction prices were concentrated at 16,000 yuan/mt...

》View SMM Magnesium Spot Quotations, Data, and Market Analysis

》Click to View SMM Magnesium Spot Historical Prices

At the beginning of the week, the domestic magnesium market remained stable. The mainstream quotations from magnesium ingot smelting enterprises were 15,950-16,050 yuan/mt, while the mainstream transaction prices were concentrated at 16,000 yuan/mt, with magnesium prices maintaining stable performance.
From the raw material market, the price of 75# ferrosilicon in Shaanxi remained at 6,200-6,300 yuan/mt, with pessimistic market sentiment. Steel mills showed low willingness to increase prices, and it is expected that ferrosilicon prices will continue to face pressure in the short term. The ex-factory tax-exclusive price of 1-3 grade dolomite was 88 yuan/mt, down 20 yuan/mt from the previous day, while the ex-factory tax-exclusive price of 2-4 grade dolomite was 128 yuan/mt, unchanged from the previous day. Considering that downstream magnesium plants of dolomite are gradually shutting down due to rising costs, it is expected that dolomite prices will fluctuate downward in the future.
From traders, it was learned that due to the impact of the Christmas holiday, overseas inquiries were relatively weak, and market transactions were mostly driven by rigid demand. At the beginning of the week, as the market resumed, sellers and buyers generally remained cautious, and the magnesium market exhibited a strong atmosphere of negotiation. Affected by the high levels of in-plant inventory at magnesium plants, the pressure on magnesium prices persists. As the year-end approaches, downstream purchasing enthusiasm is expected to improve compared to earlier periods. The strengthening of market transactions to some extent provided support for magnesium prices, keeping them at a relatively stable level recently.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 22, 2026 17:21 (GMT+8)

Pre-holiday Stockpiling Fails to Offset Strong Supply and Weak Demand; Magnesium Prices Consolidate on a Subdued Note in the Short Term [SMM Magnesium Ingot Spot Report]

[Supply-Demand Tug-of-War Persists, Magnesium Ingot Market Under Pressure as Peak Season Falls Short] Some producers in China have periodically released small volumes of low-priced supply, while stockpiling for the two festivals only drove a modest recovery in transactions. With a lack of demand growth both in China and overseas, magnesium prices continue to consolidate on a subdued note, supported by firm pricing and cost floors.

Sep 22, 2026 17:21 (GMT+8)

Sep 22, 2026 15:34 (GMT+8)

Yongmaotai Plans to Raise $998M for Magnesium Alloy Projects and Expand Robot Component Production

【SMM Magnesium On September 22, Yongmaotai announced that it plans to raise no more than 998 million yuan through a private placement. Of this amount, 520 million yuan will be invested in the intelligent manufacturing project of magnesium alloy precision components. Once the project reaches its designed capacity, it will be able to produce 4.5 million magnesium alloy automotive parts and 350,000 sets of lightweight components for intelligent robots annually. Currently, the company has established more than 20 magnesium alloy die-casting production lines, covering models ranging from 650 to 7000T, and has ordered 10 semi-solid equipment units. It has also established cooperation with major automakers such as XPeng and BYD. With the implementation of the private placement project, the production capacity of magnesium alloy precision manufacturing is expected to accelerate, and lightweight components for robots may become a new growth point.】

Sep 22, 2026 15:34 (GMT+8)

Sep 22, 2026 15:23 (GMT+8)

Jiangsu Yimeitai Delivers Advanced Magnesium Alloy Production Lines to Zhejiang, Reducing Energy Consumption by 60%

【SMM Magnesium Flash】Recently, Jiangsu Yimeitai officially delivered a batch of 10 full-series magnesium alloy semi-solid forming production lines and supporting automation systems to the Zhejiang market, marking its first large-scale entry into the Zhejiang market. This batch of equipment covers different tonnage models and comes with a complete process plan, enabling no exposure to high-temperature metal liquid, no SF₆ harmful gas, and a 60% reduction in energy consumption compared to traditional processes. With the decline in equipment costs and the improvement in process maturity, magnesium alloy semi-solid forming is penetrating from high-end pilot projects in leading automobile companies to broader civilian manufacturing markets such as automotive and motorcycle parts, and 3C structural components.

Sep 22, 2026 15:23 (GMT+8)