Transactions Steadily Follow Up, Magnesium Prices Remain Stable [SMM Magnesium Ingot Spot Bulletin]

Published: Jan 13, 2025 17:29

Save

[SMM Magnesium Ingot Spot Bulletin: Transactions Steadily Follow Up, Magnesium Prices Remain Stable] SMM reported on January 13 that the mainstream quotations of magnesium ingot smelters in the market were 15,950-16,050 yuan/mt, and the mainstream transaction prices in the market were concentrated at 16,000 yuan/mt...

》Check 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, with mainstream quotations from magnesium ingot smelters at 15,950-16,050 yuan/mt and mainstream transaction prices concentrated at 15,950-16,000 yuan/mt. Magnesium prices held steady.
From the raw material market, the price of 75# ferrosilicon in Shaanxi remained at 6,200-6,300 yuan/mt, with market sentiment pessimistic and steel mills showing low willingness to increase prices. It is expected that ferrosilicon prices will remain under 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 price of 2-4 grade dolomite remained unchanged at 128 yuan/mt. Considering that downstream magnesium plants of dolomite are gradually shutting down due to rising costs, dolomite prices are expected to fluctuate downward in the future.

Supply and demand side, current magnesium ingot prices are near the cost line, and magnesium plants are less willing to sell at lower prices. Most downstream enterprises have completed stockpiling, and subsequent market transactions are expected to focus on just-in-time procurement. Considering the impact of transportation suspensions, market activity is expected to continue declining before the Chinese New Year. Coupled with financial constraints at year-end for magnesium ingot smelters, magnesium prices may see slight downward adjustments.

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

Jul 3, 2026 21:29

Shanxi Kelite to Launch $100M Light Alloy Die-Casting Project in July, Targeting Robotics and EV Markets

[SMM Magnesium Express]Recently, it was reported that Shanxi Kelite Precision Casting Technology Co., Ltd. plans to officially commence production of its light alloy integrated die-casting project in mid-July. With a total investment of 100 million yuan, the project can produce 8 million lightweight robotic precision structural components annually, primarily serving sectors such as meal-delivery robots, household service robots, and new energy vehicles. Leveraging Shanxi's magnesium ore resource advantages, the company has successfully transformed from a traditional pipe-casting enterprise into a high-end precision manufacturing entity. It has introduced cold high-pressure die-casting core technologies and established a provincial-level doctoral entrepreneurship station in collaboration with North University of China. With the project's launch, the large-scale application of magnesium alloy in intelligent robotics and new energy vehicles is expected to deepen further, accelerating the transition of traditional casting enterprises toward high-end magnesium alloy manufacturing.

Jul 3, 2026 21:29

Jul 3, 2026 21:27

IML and Chongqing Yujang Die-Casting Partner for Semi-Solid Magnesium Alloy Advancements

[SMM Magnesium Express]On July 3, IML and Chongqing Yujang Die-Casting officially established a strategic partnership in semi-solid magnesium alloy forming technology. The two parties will collaborate closely on technological R&D, mass production breakthroughs, and market applications, while deploying multiple large-scale semi-solid injection molding equipment for magnesium alloys. The cooperation aims to integrate the entire chain from materials and processes to mass production, focusing on scaling up the application of magnesium alloys in critical components such as electric drive housings and vehicle structural parts. This will provide high-performance lightweight solutions for industries like new energy vehicles, 3C electronics, and humanoid robots. With continuous progress in industrial chain collaboration, the mass production barriers for semi-solid magnesium alloy forming are expected to be accelerated, further speeding up the process of large-scale application.

Jul 3, 2026 21:27

Jul 3, 2026 16:58

Producers Slightly Hold Prices Firm, Weak Demand Drags Magnesium Prices into Consolidation [SMM Spot Magnesium Ingot Express Report]

[Producers Slightly Hold Prices Firm, Weak Demand Drags Magnesium Prices to Consolidate] Today, the quotation for 99.90% magnesium ingot in the main producing area was 15,700-15,800 yuan/mt, down 50 yuan/mt from the previous working day.

Jul 3, 2026 16:58