Magnesium Market Consolidated at Lows and Stabilized at the Beginning of the Week, Magnesium Prices Maintained Range-Bound Movement [SMM Spot Magnesium Ingot Express]

Published: Apr 27, 2026 18:15

Save

[Magnesium Market Consolidated at Lows and Stabilized at the Beginning of the Week, Magnesium Prices Maintained Range-Bound Movement] Today, 99.90% magnesium ingot was quoted at 16,500-16,600 yuan/mt in the main producing areas, unchanged from earlier quotes.

SMM News, April 27:

Today, 99.90% magnesium ingot prices in major producing areas were quoted at 16,500-16,600 yuan/mt, unchanged from earlier quotes.

As the market resumed at the beginning of the week, the magnesium market consolidated at lows and stabilized today. In terms of supply, enterprises in the market generally showed a strong willingness to hold prices firm, spot cargo shipments remained cautious in pace, and overall circulating supplies stayed tight. On the demand side, downstream end-user purchasing enthusiasm was weak, with no concentrated restocking or large-volume buying and selling activities for the time being. Transactions were mostly limited to small orders at low levels for rigid restocking demand, and overall market trading activity was sluggish. Currently, the tug-of-war between longs and shorts remained stagnant, with limited incremental volume on both the supply and demand sides. In the short term, magnesium prices were most likely to continue moving sideways.

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 to learn 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

6 hours ago

Pessimistic Sentiment Saw Concentrated Release, Tungsten Products Across the Entire Chain Fell Today [SMM Tungsten Analysis]

[SMM Tungsten Daily Review: Pessimistic Sentiment Released in Concentration, Tungsten Products Fell across the Entire Industry Chain Today] SMM April 27: China's tungsten market today was hit by the sharp downward adjustment of long-term contracts by leading enterprises, and prices across the entire industry chain fell collectively to catch up with earlier declines. The single-day drop hit a recent high, market bullish confidence was severely undermined, and the trading atmosphere turned sluggish.

6 hours ago

Apr 25, 2026 17:53

A Guangdong Tungsten Company Lowered Its Long-Term Contract Price for Tungsten Raw Material in the Second Half of April

[Tungsten Industry Long-term Contract Information] SMM April 25: The long-term contract prices (VAT-inclusive) for tungsten raw materials in the second half of April from a tungsten company in Guangdong were as follows: 55% wolframite concentrates at 780,000 yuan/standard tonne (65%WO3 basis), down 145,000 yuan/standard tonne (65%WO3 basis) from the first half of April; 55% scheelite concentrates at 779,000 yuan/standard tonne (65%WO3 basis), down 145,000 yuan/standard tonne (65%WO3 basis) from the first half of April; APT at 1.2 million yuan/mt, down 200,000 yuan/mt from the first half of the month. Note: The above prices are inclusive of 13% VAT.

Apr 25, 2026 17:53

Apr 24, 2026 21:21

Manganese Sulfate Market: High Costs & New Energy Demand Underpin Prices

Recently, China’s manganese sulfate market has shown an operating pattern of rigid cost bottoming and differentiated demand structure. Divergent performance is seen between battery-grade and industrial-grade manganese sulfate, while the overall market remains steady with a firm undertone.

Apr 24, 2026 21:21