Tianjin Port Magnesium Ingot Prices Stable Amid Sluggish Demand and Freight Challenges

Published: Jun 15, 2026 17:17

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[SMM Magnesium Express]Recently, the FOB price of magnesium ingots at Tianjin Port has stabilized at $2,330-$2,400 per ton. Overseas demand remains sluggish, with downstream automakers and die-casting plants adopting a wait-and-see approach, resulting in scarce new orders. The market is supported only by essential demand and long-term contracts. Domestically, manufacturers face inventory accumulation and payment pressure, compounded by planned shutdowns for maintenance at some smaller plants, creating room for negotiation in the market. Due to shipping companies reducing capacity and rising oil prices, freight rates across routes have fluctuated significantly, with tight vessel availability. Prices for routes to Europe, India, and South Korea show marked divergence, further constraining foreign trade deals. In the short term, the FOB price of magnesium ingots is caught between cost support and downward pressure, maintaining a weak and volatile overall trend.

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