[SMM Magnesium News] On June 9, domestic magnesium prices continued to decline. The mainstream quotations for spot 99.90% magnesium ingot in the Shaanxi market ranged from 15,900 to 16,000 yuan/mt, down 100 yuan/mt from the morning quotes. Affected by weak downstream demand and the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn, domestic magnesium prices have been sliding for more than a week. Under such market conditions, downstream players generally adopted a wait-and-see approach, and rigid demand generally resorted to bargain down purchasing prices, with low-price transactions of magnesium emerging continuously.