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Home / Metal News / Fugu Magnesium Ingot Prices Adjusted Downward Under Pressure, Domestic and Foreign Trade Markets Show "Hot Domestic, Cold Foreign" Pattern [SMM Spot Magnesium Ingot Express]

Fugu Magnesium Ingot Prices Adjusted Downward Under Pressure, Domestic and Foreign Trade Markets Show "Hot Domestic, Cold Foreign" Pattern [SMM Spot Magnesium Ingot Express]

iconSep 12, 2025 17:36
[SMM Spot Magnesium Ingot Market Update: Fugu Magnesium Ingot Prices Adjusted Downward Under Pressure, Domestic and Foreign Trade Markets Show "Hot Domestic, Cold Foreign" Pattern] On September 12, the ex-factory offer for magnesium ingots in the Fugu region was lowered by 100 yuan/mt to 16,600-16,700 yuan/mt, with the FOB offer at $2,370/mt. Market trading was active, with some magnesium plants selling at low prices of 16,500 yuan/mt, attracting active purchases from traders. The single-day trading volume reached 1,600 mt. The foreign trade market showed a stalemate, with 80% of traders refusing new orders and insisting on high prices including taxes. However, a small number of shipping orders were still concluded at low prices today, highlighting the ongoing tug-of-war between sellers and buyers.

SMM September 12 News, Today's Fugu Region Magnesium Ingot Ex-Factory Offers Ranged from 16,600 to 16,700 Yuan/mt, Down 100 Yuan from the Previous Trading Day; FOB Offers Were at $2,370/mt.

Market Trading Activity Was Lively, with Prices Continuing on a Downward Trend. Some Magnesium Producers' Actual Selling Prices Have Dropped to 16,500 Yuan/mt, Attracting Active Purchasing by Traders, with Today's Cumulative Trading Volume Reaching 1,600 Mt. In Foreign Trade, Offers Remain Stagnant, with About 80% of Traders Unwilling to Take on New Overseas Orders, Even as Ex-Factory Prices Decline, They Still Tend to Quote Higher Tax-Inclusive Prices Abroad. However, Some Orders with a Shipping Date of the 23rd Were Concluded at Lower Prices Today, Indicating That the Current Market Sellers and Buyers Are Still in a State of Negotiation and Standoff.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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