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Home / Metal News / Trading was sluggish, with magnesium prices remaining stable today [SMM Spot Magnesium Ingot Report]
Trading was sluggish, with magnesium prices remaining stable today [SMM Spot Magnesium Ingot Report]
May 14, 2025 17:18Source:SMM
[SMM Spot Magnesium Ingot Report: Sluggish Trading, Magnesium Prices Hold Steady Today] SMM reported on May 14 that due to critically low inventories at some magnesium ingot smelters, magnesium ingot producers currently have a strong sentiment to stand firm on quotes. Today, mainstream quotations for 90 magnesium ingots in the main producing areas remained stable in the range of 17,400-17,500 yuan/mt, basically flat compared to the previous working day.
》Check SMM magnesium spot quotations, data, and market analysis
Reported by SMM on May 14, affected by critically low inventories at some magnesium ingot smelters, magnesium ingot producers currently have a strong sentiment to stand firm on quotes. Today, the mainstream quotations for 99.90% magnesium ingot in the main producing areas remained stable in the range of 17,400-17,500 yuan/mt, basically flat compared to the previous working day. It is worth noting that the supply of low-priced cargoes in the market is gradually decreasing, while transactions of high-priced cargoes are sluggish, with buyers and sellers at an impasse in price negotiations.
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