[smm magnesium ingot spot update: magnesium ingot prices slightly decrease, fob prices diverge during overseas tender season] on august 19, the ex-works quotation for magnesium ingots in fugu area decreased by 50 yuan to 17,200-17,300 yuan/mt, with an average price of 17,250 yuan/mt; fob quotations remained stable at $2,400/mt. currently, magnesium prices are in the doldrums, and the tug-of-war between sellers and buyers continues. downstream demand is below expectations, and producers' resolve to refuse to budge on prices has weakened. the overseas market has entered a high-frequency tender period, and fob quotations have diverged. quotations for orders after october are cautiously high, while spot or short-term delivery orders are transacted within the range of $2,380-2,400/mt.

[SMM Survey: Technological Breakthroughs and Environmental Controversies Coexist, Magnesium By-Product Projects Pave New Paths] This week, the magnesium industry showed multiple dynamics: a research team successfully developed self-healing hydrophobic coating technology, significantly improving the corrosion resistance of magnesium alloy AZ31B, clearing obstacles for aerospace applications; Utah in the US proposed to terminate the operating rights of US Magnesium due to environmental disputes, highlighting the challenges of sustainable industrial development; Canada's Canpotex was actively promoting a potassium-magnesium by-product project, entering the green material supply chain through the development of polyhalite resources. Technological breakthroughs, environmental controversies, and strategic layouts together outlined a new landscape for the global magnesium industry.

[smm magnesium morning meeting summary: magnesium prices under pressure, market transactions sluggish] the smm magnesium morning meeting on august 19 showed that the price of dolomite, a raw material for magnesium, was stable with ample supply, and demand increased as magnesium plants resumed production; ferrosilicon prices were stable both in futures and spot markets. magnesium ingot prices slightly decreased, with a supply-demand balance but weakened due to high price aversion from buyers. magnesium alloy prices were high, with both supply and demand being weak and fluctuating along with magnesium ingots. magnesium powder purchases slowed down, with downstream players waiting and hoping for price adjustments, leading to a market characterized by "increased supply, waiting demand" dynamics.

[smm magnesium morning meeting summary: raw material stability and magnesium price correction tug-of-war between sellers and buyers continues in the doldrums] last week, the magnesium market showed a pattern of stable raw materials and weak finished products, with dolomite prices remaining firm and ferrosilicon in supply-demand balance. magnesium ingots and downstream alloys, as well as magnesium powder prices, experienced a slight correction due to sluggish demand. downstream players generally adopted a wait-and-see attitude, and foreign trade transactions were sluggish, leading the market into a phase of adjustment. in the short term, magnesium prices may fluctuate rangebound, and attention should be paid to the recovery of demand in september and the impact of changes in raw material prices on cost support.

[SMM Magnesium Weekly Review: Upstream Stable, Midstream Under Pressure, Potential Demand Inflection Point After Policy Window Period] This week, the magnesium industry chain generally exhibited a generally stable with slight fall trend. The price of upstream dolomite remained stable, but due to the implementation of the tender model and expectations of a rebound in primary magnesium production, there is a possibility of an upward trend in the future. The magnesium ingot market first strengthened and then weakened, with quotes in the main production areas pulling back from 17,400-17,500 yuan/mt to 17,250-17,350 yuan/mt. The overseas FOB price also decreased synchronously to $2,380-$2,430/mt. Magnesium powder prices slightly declined, with supply increasing due to the impact of the export policy window period. Magnesium alloy prices remained high and consolidated, with short-term supply-demand balance but gradual emergence of new demand. Overall, the market showed characteristics of "stable upstream, weak midstream, and waiting downstream," with wait-and-see sentiment dominating market transactions.

[SMM Magnesium Morning Meeting Summary: Magnesium Prices Under Pressure, Trading Sluggish, Magnesium Market in the Doldrums] Recently, magnesium prices have continued to face pressure, with sluggish market trading. Due to the relatively scattered overall trading, it is difficult to form a concentrated purchasing force, resulting in a lack of upward momentum for magnesium prices. Overall, it is expected that magnesium prices will maintain a weak operation pattern in the short term.

As August progresses halfway through, magnesium prices have been consolidating at a high level. Half of the market traders are taking a short-term break to adjust their market operation rhythms, leaving the magnesium market "silent." However, beneath the calm market atmosphere, there are undercurrents in the magnesium ingot market. Can the magnesium market maintain its current situation and continue to surge ahead in August?

[SMM Magnesium Morning Meeting Summary: Raw Material Prices Steady, Magnesium Prices Adjusted Slightly, Strong Wait-and-See Sentiment in the Market] SMM reported on August 14 that on the raw material side, dolomite prices remained stable with ample market supply, but demand increased as magnesium producers resumed production. The most-traded contract of ferrosilicon futures fell by 1.02%, and in the spot market, some producers faced tight supply, showing strong reluctance to budge on prices, leading to a stalemate in overall supply and demand. For magnesium ingots, the mainstream quotations in the Fugu area slightly decreased to 17,300-17,400 yuan/mt. Producer inventories remained low, with insufficient downstream demand support. Overseas orders were expected to be released after the summer break, and the FOB quotation range narrowed to $2,420-2,430/mt. Magnesium alloy prices remained high and stable, with supply slightly reduced due to producer maintenance. Downstream just-in-time procurement dominated, and the market showed weak supply and demand. After the initial release of demand, the magnesium powder market entered a wait-and-see phase, but overseas orders continued to support steady production growth, with FOB quotations at $2,530-2,590/mt. Overall, all segments of the magnesium market showed a stalemate with different characteristics, and short-term prices may continue to fluctuate.

[SMM Domestic Analysis: Mixed Bullish and Bearish News, Tug-of-War Between Sellers and Buyers Makes It Hard to Determine the Winner - How Will the Magnesium Market Perform in the Future?] As August approaches its halfway point, magnesium prices have been consolidating at a high level. Half of the traders in the market have temporarily adjusted their operational rhythms for short-term rest and adjustment. The magnesium market is "quiet as a mouse," but beneath the calm surface, there are undercurrents in the magnesium ingot market. Can the magnesium market maintain its current situation and continue to surge ahead in August?

[SMM Magnesium Morning Meeting Summary: The Game Pattern Remains Unchanged, Magnesium Prices Consolidate at High Levels Today] The magnesium market maintained a firm operation at high levels. The shutdown of magnesium plants for maintenance, coupled with low inventory levels, led to a tight spot supply in the market, with significant bottom support. Domestic trade demand from aluminum plants and alloy plants for restocking on a just-in-time basis, but overall transactions were relatively scattered, with insufficient upward momentum in prices. Magnesium prices consolidated at high levels.