Downstream sentiment remains cautious, with magnesium prices in the doldrums today [SMM Spot Magnesium Ingot Bulletin]

Published: May 20, 2025 18:13

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[SMM Spot Magnesium Ingot Flash Report: Strong Wait-and-See Sentiment in Downstream, Magnesium Prices Continue to Decline Today] SMM reported on May 20 that domestic magnesium prices continued to decline today. The mainstream quotations for 99.90% magnesium ingot in the Fugu region were in the range of 17,200-17,300 yuan/mt, with transaction prices hovering around 17,150 yuan/mt, basically flat compared to yesterday.

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Reported by SMM on May 20, domestic magnesium prices continued to decline today. The mainstream quotations for 99.90% magnesium ingot in the Fugu region ranged from 17,200 to 17,300 yuan/mt, with transaction prices hovering around 17,150 yuan/mt, basically flat compared to yesterday.

Recently, magnesium producers in the main producing areas have reported that downstream producers' purchasing sentiment towards the magnesium market has generally returned to a wait-and-see stance. Influenced by this situation, market trading activity has significantly decreased, and the wait-and-see atmosphere among downstream buyers has become increasingly pronounced. Currently, magnesium producers are adjusting their quotations in close alignment with market trends, with instances of low-price transactions becoming commonplace. This, in turn, has prompted an overall magnesium price trend of pulling back from highs, continuing to decline.

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.

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