Magnesium Market Stagnant but Temporarily Stable; Transactions Recover Slightly [SMM Spot Magnesium Ingot Flash Report]

Published: Jun 15, 2026 18:01

Save

[Magnesium Market Stalemate with Temporary Stability, Transactions Slightly Recover] Today, the 99.90% magnesium ingot price in the main production areas was quoted at 16,300-16,350 yuan/mt, down by 50 yuan/mt from the previous working day.

SMM June 15 flash:

Today, mainstream quotations for magnesium ingot in the Fugu area were 16,300-16,350 yuan/mt, and China FOB prices were reported at $2,330-2,400/mt.

Today, domestic magnesium ingot quotations edged slightly lower to 16,300-16,350 yuan/mt, while transactions showed some recovery. Tianjin port FOB quotations remained stable at $2,330-2,400/mt. Supply side, large producers’ quotations stabilized, but some small producers plan to conduct maintenance; overall inventory remained high, and supply was ample. Demand side, both domestic and foreign demand remained weak overall, with few new export orders; transactions were mainly based on rigid demand and long-term contracts. Coupled with high oil prices and tight shipping space, ocean freight rates on various routes experienced wild swings and marked increases, further suppressing exports. Overall, in the short term, the magnesium ingot market continues to see strong supply and weak demand. The recovery in transactions is unlikely to turn the overall market around. Domestic and export prices are expected to remain in a stagnant, fluctuating 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

4 hours ago

Central and East Africa’s Mining Sector Moves Towards Greater Beneficiation

[SMM Express] Mining sectors across Central and East Africa are facing a changing operating environment as governments increase focus on resource nationalism, local content requirements and domestic mineral processing. Countries across the region are seeking to capture more value from their mineral resources by encouraging in-country beneficiation and strengthening state participation. Policies in Tanzania, Mozambique, Zambia and Ethiopia highlight a broader shift away from exporting raw materials towards developing local processing capacity. The region remains critical to global mineral supply chains, with the Democratic Republic of Congo (DRC) dominating cobalt exports, the Central African Copperbelt supporting major copper production and significant deposits of lithium, tantalum, niobium, tungsten and graphite found across several countries. However, mining investment continues to face challenges including security risks, regulatory uncertainty, infrastructure limitations and operational constraints. Several countries are also expanding strategic mineral classifications, which could lead to tighter export controls, increased royalties and greater government involvement.

4 hours ago

[SMM Analysis] Higher Chrome Ore and Ferrochrome Prices Cushion Merafe's H1 Earnings Despite Lower Ferrochrome Output

4 hours ago

5 hours ago

Anhui Benyu Accelerates 30,000 Ton Casting Project in Dingqiao, Expected to Boost Local Light Alloy Industry

[SMM Magnesium Express]Recently, Anhui Benyu Automotive Parts Co., Ltd. accelerated the construction of a 30000 ton casting precision machining project in Dingqiao Town, with the main structure expected to be topped out by the end of October. The total investment of this project is 260 million yuan, and the expected annual output value after reaching production is 277 million yuan, which will achieve a breakthrough in the regional magnesium aluminum light alloy industry. With the implementation of the project, the local magnesium aluminum light alloy industry chain is expected to further improve.

5 hours ago