NewsFlash / Magnesium / SMM Magnesium News: Domestic Magnesium Prices Decline, Market Remains Sluggish
SMM Magnesium News: Domestic Magnesium Prices Decline, Market Remains Sluggish
iconMay 28, 2025 18:14
Source:SMM
[SMM Magnesium News] On May 28, domestic magnesium prices continued to decline. The mainstream quotations for spot 99.90% magnesium ingot in the Fugu region ranged from 16,900 to 17,000 yuan/mt, with spot transaction prices hovering around 16,900 yuan/mt, basically flat compared to yesterday. Trading activity remained sluggish today, with downstream buyers adopting a wait-and-see attitude amid weak overall demand. The downstream psychological price level stood at 16,800 yuan/mt. The market is expected to remain in the doldrums in the near future.

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