Supply continues to be released but demand is weak, magnesium ingot runs weak under pressure [SMM magnesium ingot spot flash]
[Supply Continues to Release but Demand Remains Weak, Magnesium Ingot Under Pressure] Quotes for magnesium ingot in China's main production areas continued to decline today. Producers showed strong willingness to sell and recoup funds, with supply continuing to release. However, end-use demand in China and overseas remained sluggish, with only rigid-demand transactions concluded. Market sentiment was largely wait-and-see, and inventory pressure mounted. Overall, the market was weak and under pressure ahead of the holiday.