[SMM Magnesium Morning Meeting Summary: The stalemate in the magnesium market continues, with strong wait-and-see sentiment] The current magnesium ingot market is characterized by a mixed situation of bullish and bearish factors: On the one hand, as raw coal prices have ended their downward trend and begun to rebound, coupled with the stability of other raw material prices, the cost support for magnesium ingot production has strengthened; On the other hand, both supply and demand in the market are weak, with purchasing and supply enthusiasm declining simultaneously. Overall, under the combined influence of cost support and weak demand, it is expected that magnesium ingot prices will maintain a stable operation pattern in the short term.

[SMM Spot Magnesium Ingot Bulletin: Sluggish Transactions, Magnesium Prices Under Pressure Today] SMM reported on July 15 that magnesium producers offered firm quotes today, with magnesium prices rising slightly. The market quotes for magnesium ingots in the Fugu region were 16,300 yuan/mt, with mainstream transaction prices ranging from 16,150 to 16,200 yuan/mt, down 50 yuan/mt from the previous working day. There was an increase in the availability of lower-priced goods.

[SMM Survey: International Developments Focus on Upgraded Recycled Magnesium and Supply Chain Restructuring; New Tariff Policies May Reshape Trade Landscape] This week, the global magnesium market has witnessed multi-dimensional changes: Germany's Speira Group has completed the upgrade of its magnesium recycling production line, increasing the purity of recycled magnesium to 99.2%, thereby aiding cost reduction and efficiency enhancement in Europe's new energy industry chain; Clontarf Energy has achieved a breakthrough in lithium-magnesium extraction technology, which is expected to drive the commercialization of magnesium extraction from salt lake brine; the molybdenum-magnesium mine project in Greenland has been approved, enhancing the EU's self-sufficiency rate in critical raw materials and reducing its reliance on China. Additionally, the new US-Vietnam tariff policy took effect on July 9th, reducing the benchmark tariff rate to 20%, but "transshipped" goods still face a high tariff of 40%, potentially affecting the global magnesium trade flow.

[SMM Magnesium Morning Meeting Summary: Weakened Support from Raw Material Costs, Magnesium Prices Continue to Consolidate Weakly] On July 14, the transaction price of Fugu magnesium ingot was 16,200-16,300 yuan/mt (down 50 yuan), FOB China 2,250-2,310 US dollars/mt; magnesium alloy was 17,850-17,950 yuan/mt, FOB 2,510-2,530 US dollars/mt; magnesium powder was 17,500-17,700 yuan/mt, FOB 2,400-2,460 US dollars/mt. The price of Wutai dolomite, a raw material, remained stable (1-3 material at 78 yuan/mt, 2-4 material at 128 yuan/mt), and Shaanxi 75 ferrosilicon was priced at 5,600-5,700 yuan/mt. Currently, the overall magnesium industry chain is showing weak supply and demand, and short-term prices may continue to fluctuate rangebound.

[SMM Spot Magnesium Ingot Report: Magnesium Prices Remain Weak and Stable Today, Market Tug-of-War Intensifies] On July 14, the mainstream quotations for magnesium ingots in the Fugu area ranged from 16,200 to 16,300 yuan/mt, down 50 yuan from the previous day; the FOB China offshore price ranged from $2,250 to $2,310/mt, down $5. The market was influenced by news, leading to a tug-of-war between longs and shorts, but actual transactions remained stable, with the pattern of weak supply and demand continuing. Magnesium prices may fluctuate rangebound in the short term, with subsequent attention to production resumptions and demand changes.

[SMM Magnesium Morning Meeting Summary: Insufficient Follow-up on Transactions, Magnesium Ingot Prices in the Doldrums] Material prices have remained stable, with raw coal prices bottoming out and rebounding. The cost support for magnesium ingots is strong. In terms of supply and demand, the magnesium ingot market is showing a situation of weak supply and demand. It is expected that magnesium ingot prices will remain stable.

[SMM Weekly Magnesium Review: Supply and Demand at a Stalemate, Magnesium Prices Held Up Well This Week] This week, the magnesium ingot market generally exhibited a fluctuating rangebound trend, involving multiple links such as dolomite, magnesium ingots, magnesium alloys, and magnesium powder.

[SMM Weekly Magnesium Review: Supply and Demand at a Stalemate, Magnesium Prices Held Up Well This Week] This week, the magnesium ingot market generally showed a trend of fluctuating rangebound, involving multiple links such as dolomite, magnesium ingot, magnesium alloy, and magnesium powder.

[SMM Weekly Magnesium Review: Supply and Demand at a Stalemate, Magnesium Prices Held Up Well This Week] This week, the magnesium ingot market generally fluctuated rangebound, involving multiple links such as dolomite, magnesium ingot, magnesium alloy, and magnesium powder.

[SMM Spot Magnesium Ingot Report: Magnesium Prices Remain Stable, Short-Term Stalemate Hard to Break] On July 8, the quoted price of magnesium ingots in Fugu region remained stable at 16,300-16,400 yuan/mt, with FOB prices holding at $2,250-$2,330/mt. This week, the market exhibited a tug-of-war between sellers and buyers: foreign trade shipments approaching drove staged procurement, while domestic trade rigid demand persisted; on the supply side, affected by summer production, production cuts at factories led to low inventory levels. However, overseas demand weakened during the summer break, and the market was filled with a wait-and-see sentiment. It is expected that prices will remain in a stalemate in the short term, but as the pattern of weak supply and demand continues into late July, prices may face downward pressure. SMM will continue to track market dynamics.