[SMM Magnesium Flash News] From May 12 to May 16, magnesium prices consolidated at high levels this week. As of the time of reporting, the mainstream quotations for 99.90% magnesium ingot in the main producing areas were in the range of 17,300-17,400 yuan/mt, up 100 yuan/mt from last Friday. At the beginning of the week, the magnesium market continued the upward trend from the previous week, with low in-plant inventory providing bottom support for magnesium prices. Downstream customers' just-in-time procurement pushed prices up to 17,400-17,500 yuan/mt. Later, as magnesium prices climbed to 17,500 yuan/mt, downstream customers' fear of high prices intensified, and their procurement attitude became more cautious. Trading in the magnesium market was sluggish. Mid-week, magnesium prices consolidated at high levels. Traders who had hoarded inventory began to sell at lower prices, lowering downstream customers' psychological expectations. Additionally, small magnesium factories sold their products in line with market conditions, gradually increasing the supply of low-priced goods and causing the center of magnesium prices to gradually move downward.