NewsFlash / Minor Metals / Magnesium Ingot Producers Stand Firm on Quotes Amid Low Inventories
Magnesium Ingot Producers Stand Firm on Quotes Amid Low Inventories
iconMay 14, 2025 17:32
Source:SMM
[SMM Magnesium News] 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, 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 goods in the market is gradually shrinking, while transactions of high-priced goods are sluggish. Buyers and sellers are at a stalemate in price negotiations.

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