Trading is sluggish, and the magnesium market is under pressure [SMM Magnesium Ingot Spot Bulletin]

Published: May 22, 2025 18:19

Save

[SMM Spot Magnesium Ingot Flash Report: Weak Transactions, Magnesium Market Under Pressure] SMM reported on May 22 that domestic magnesium prices stopped falling and remained stable today. The mainstream quotations for 99.90% magnesium ingot in the Fugu region ranged from 17,150 to 17,250 yuan/mt, with transaction prices hovering around 17,100 yuan/mt, basically flat compared to yesterday.

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

》Click to view SMM magnesium

SMM reported on May 22 that domestic magnesium prices stopped falling and stabilized today. The mainstream quotations for 99.90% magnesium ingot in the Fugu region ranged from 17,150 to 17,250 yuan/mt, with transaction prices hovering around 17,100 yuan/mt, basically flat compared to yesterday.

Today, magnesium prices stopped falling and stabilized, with factory quotations showing an upward trend. According to factories, as magnesium prices slowly declined over the past two days, transactions of low-priced magnesium ingots in the market increased. Supported by low inventory levels, magnesium prices stopped falling and stabilized. Considering that magnesium prices had already stopped falling before the holiday and downstream restocking was nearing completion, the upward momentum for magnesium prices in the future is limited. It is expected that magnesium prices will maintain a slight consolidation trend in the near future, and SMM will continue to monitor subsequent transaction situations.

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

16 hours ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

16 hours ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

16 hours ago

17 hours ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

17 hours ago