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Home / Metal News / Supply and Demand Deadlock, Magnesium Prices Were Under Pressure Today [SMM Magnesium Ingot Spot Cargo Report]
Supply and Demand Deadlock, Magnesium Prices Were Under Pressure Today [SMM Magnesium Ingot Spot Cargo Report]
Apr 23, 2025 18:46Source:SMM
SMM Magnesium Ingot Spot Report: Supply and Demand Deadlock, Magnesium Prices Under Pressure Today. SMM reported on April 21 that the mainstream quotations for 99.90% magnesium ingot in the main production areas were 16,500-16,600 yuan/mt today, down by 50 yuan/mt compared to the previous working day. Inquiries were sluggish, and the deadlock in supply and demand intensified.
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Today, the mainstream quotations for 99.90% magnesium ingot in major production areas were 16,500-16,600 yuan/mt, down by 50 yuan/mt compared to the previous working day. Inquiries were sluggish, and the supply and demand stalemate intensified.
SMM analysis suggests that magnesium ingot prices remained generally stable today. As just-in-time procurement was gradually completed, the spot market for magnesium ingot saw slightly sluggish transactions. Some magnesium ingot producers sold at low prices, and magnesium prices were in the doldrums. Considering factors such as the current low inventory, the bottom support for magnesium prices remains strong, and it is expected that magnesium prices will fluctuate rangebound in the short term.
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