【SMM Analysis: Magnesium Ingot Raw Material Runs Steadily after New Year's Day】

After the holiday, the price of magnesium ingots has remained relatively weak, and downstream buyers are opportunely restocking. The trading atmosphere in the magnesium market is relatively subdued. As of this Friday, the mainstream price of 90 magnesium ingots in Fugu area has fallen to 20100-20200 yuan/ton, a decrease of 50 yuan/ton from last Friday.