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 to learn 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

Apr 2, 2026 15:08

Latrobe Magnesium Secures Funding for Commercial Plant via U.S. Distributor Prepayment

[SMM Magnesium Express] Latrobe Magnesium secured a non-dilutive prepayment from U.S. distributor Metal Exchange to advance commissioning of its commercial magnesium plant. The Latrobe Valley facility uses brown coal fly ash as feedstock to produce magnesium ingots and cementitious by-products. The funding signals growing commercial backing for ash-to-magnesium processing, offering an offtake-backed prepayment model for similar projects.

Apr 2, 2026 15:08

Mar 31, 2026 19:33

[SMM Analysis] Manganese-based Battery Materials Market Analysis：Cost-driven Divergence with Demand Recovery Ahead

Recently, China's manganese-based battery materials market has been characterized by cost-driven divergence and gradual demand recovery. Battery-grade manganese sulfate and trimanganese tetroxide have strengthened on the back of rising raw material and freight costs; electrolytic manganese dioxide remains stable; and lithium manganate is steady amid volatile lithium carbonate prices, awaiting a demand rebound in April.

Mar 31, 2026 19:33

Mar 26, 2026 15:38

Magnesium Market Holds Up Well as Cost Support and the Tug-of-War Between Sellers and Buyers Continues [SMM Magnesium Weekly Review]

[SMM Magnesium Weekly Review: Magnesium Market Held Up Well, With Cost Support and a Tug-of-War Between Sellers and Buyers Continuing] This week, the overall magnesium industry chain held up well, with prices of all products generally raised. The raw material dolomite market remained stable, with ample supply and steady demand. Magnesium ingot prices consolidated at highs. At the beginning of the week, supported by rising energy costs such as ferrosilicon and coke and tight spot availability, prices jumped by 300 yuan/mt. Subsequently, downstream fear of high prices emerged, transactions failed to keep pace, and prices consolidated at highs. In foreign trade, the center of magnesium ingot FOB quotes moved up to $2,440-2,470/mt. Wait-and-see sentiment outside China remained strong, but influenced by bullish expectations in China, forward orders were gradually locked in. Magnesium powder prices remained firm, with strong cost support. Export data increased YoY, while domestic trade was mainly driven by just-in-time procurement. The benchmark price of magnesium alloy held up well, but the release of new capacity led to increased supply, processing fees stayed in the doldrums, and the market showed a pattern of strong supply and weak demand. Overall, cost support remained the core driver behind magnesium prices fluctuating at highs, while downstream acceptance of high prices was limited, and the market may continue this tug-of-war in the short term.

Mar 26, 2026 15:38