Insufficient follow-up on transactions led to magnesium prices stabilizing at highs again today [SMM Spot Magnesium Ingot Quick Report]

Published: May 13, 2025 18:12

Save

[SMM Spot Magnesium Ingot Flash Report: Insufficient Follow-up on Transactions, Magnesium Prices Stabilize at Highs Again Today] SMM reported on May 13 that, influenced by the tight inventory situation at some magnesium ingot smelters, magnesium ingot producers had a strong sentiment to stand firm on quotes. Today, the mainstream quotations for 99.90% magnesium ingot in the main producing areas were 17,400-17,500 yuan/mt, with market quotations basically flat compared to the previous working day. Only a few large producers had a small volume of transactions at the 17,500 yuan/mt level.

》Check SMM magnesium spot cargo quotations, data, and market analysis

》Click to view SMM magnesium

SMM reported on May 13 that, influenced by the tight inventory situation at some magnesium ingot smelters, magnesium ingot producers had a strong sentiment to stand firm on quotes. Today, the mainstream quotations for 99.90% magnesium ingot in the main producing areas were 17,400-17,500 yuan/mt, with market quotations basically flat compared to the previous working day. Only a few large plants had a small volume of transactions at the 17,500 yuan/mt level. As magnesium prices continued to climb, downstream enterprises hesitated at the high prices, with only customers with immediate needs making purchases. Today, market transactions were relatively sluggish, and downstream demand was significantly weak. It is expected that magnesium market prices will fluctuate near the high level.

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

17 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

17 hours ago

20 hours ago

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

20 hours ago

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18