Magnesium Inventory Rises 3.40%, Market Sees Stalemate Amid Cost Support

Published: Jun 11, 2026 22:24 (GMT+8)

Save

[SMM Weekly Magnesium Inventory Flash Report] This week, manufacturers' inventory increased slightly by 3.40% compared to the previous week. The magnesium market was characterized by a strong atmosphere of stalemate this week. Downstream traders only maintained inelastic demand procurement, while primary magnesium smelting manufacturers mostly held firm on their quotes due to cost support. The market trading atmosphere was mediocre. It is understood that the inventory of many primary magnesium smelting enterprises has slightly accumulated, and the market as a whole showed an upward trend.

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

Magnesium Market Continues to Break Below the Year's Low, Pressure Persists with Further Downside Possible [SMM Magnesium Ingot Spot Report]

[Magnesium Market Continues to Break Below Yearly Lows, Downward Pressure Persists] Fugu magnesium ingot mainstream quotations stand at 15,250-15,350 yuan/mt, with FOB offers at $2,160-2,260/mt. Market sentiment remains subdued, and sluggish transactions are suppressing any rebound, with magnesium prices expected to stay weak in the short term.

14 hours ago

Oct 12, 2026 17:12 (GMT+8)

Supply-demand pattern unchanged, magnesium prices continue to decline [SMM magnesium ingot spot report]

[Supply-Demand Pattern Unchanged, Magnesium Prices Continue to Decline] Fugu magnesium ingot mainstream quotations are 15,300-15,400 yuan/mt, with FOB offers at $2,170-2,270/mt. Supply is ample but demand is weak, and bearish sentiment is suppressing purchase willingness. Market transactions are sluggish, and the magnesium market remains weak and under pressure.

Oct 12, 2026 17:12 (GMT+8)

Oct 09, 2026 17:29 (GMT+8)

Magnesium market remains weak; transactions improve but trend unchanged [SMM magnesium ingot spot report]

[Magnesium Market Remains in the Doldrums; Transactions Improve but Price Trend Unchanged] Fugu magnesium ingot mainstream quotations stand at 15,400-15,500 yuan/mt, with FOB quotations at $2,190-2,290/mt. Weak demand in China and overseas, coupled with mounting inventory, has prompted producers to sell at concessions. Market sentiment is pessimistic and cautious, and prices are expected to remain in the doldrums in the short term.

Oct 09, 2026 17:29 (GMT+8)