Supply and Demand Stalemate, Magnesium Market Remains Stable [SMM Spot Magnesium Ingot Bulletin]

Published: Feb 18, 2025 16:30

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[SMM Spot Report on Magnesium Ingot: Supply and Demand Stalemate, Magnesium Market Remains Stable] SMM, February 18 – Today, the mainstream quotations from magnesium ingot smelters in Fugu and Shenmu, Shaanxi, were 16,000 yuan/mt, and the transaction price for 99.9% magnesium ingot ranged from 15,900 to 15,950 yuan/mt...

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Today, the mainstream quotations for magnesium ingot smelters in Fugu and Shenmu, Shaanxi, were 16,000 yuan/mt, and the transaction prices for 99.9% magnesium ingots ranged from 15,900 to 15,950 yuan/mt, with magnesium prices remaining stable.

The magnesium ingot market remained stable today. Due to the continued sluggishness in raw material prices, market confidence remained weak, and the consumption of initial inventory required some time. Therefore, before demand recovers, magnesium ingot prices face downward pressure. However, as demand gradually recovers and supply-side production halts and maintenance occur, the gradual reduction in magnesium ingot inventory is expected to restore market confidence in magnesium prices.

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.

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