Latest Update in the SMM Magnesium Market

[SMM Magnesium Ingot Spot Market Flash: Lack of Confidence, Magnesium Prices Continue to Decline Today] SMM reported on June 5 that domestic magnesium prices continued to decline today. The mainstream quotations for spot 99.90% magnesium ingot in the Shaanxi market ranged from 16,200 to 16,300 yuan/mt, with mainstream spot transaction prices hovering around 16,200 to 16,300 yuan/mt, representing a decrease of 100 yuan/mt from yesterday's transaction prices.

[SMM Spot Magnesium Ingot Flash Report: Magnesium Prices Accelerate Decline Today] SMM reported on June 4 that domestic magnesium prices continued to decline today. The mainstream quotations for spot 99.90% magnesium ingot in the Fugu region ranged from 16,400 to 16,600 yuan/mt, with the mainstream spot transaction price hovering around 16,400 yuan/mt, a decrease of 100 yuan/mt from yesterday.

[SMM Analysis: Magnesium Prices Followed an Inverted V-shaped Trend in May - What's Next?] In May, magnesium ingot prices followed an inverted V-shaped trend. At the beginning of the month, influenced by news of dolomite production halts, magnesium prices surged, rising from 16,600 yuan/mt to 17,200 yuan/mt, a jump of 800 yuan/mt in two days, representing a 2.38% increase. In the middle to late May, as magnesium prices continued to climb, buyers gradually returned to rationality. Coupled with small magnesium plants successively selling at lower prices, the center of magnesium prices gradually shifted downward. As of the time of publication, the mainstream transaction prices of 99.90% magnesium ingot in the main producing areas were in the range of 16,700-16,800 yuan/mt.

[SMM Spot Magnesium Ingot Flash Report: Improved Transactions, Magnesium Prices Remain in the Doldrums Today] SMM reported on May 29 that domestic magnesium prices continued to decline today. The mainstream quotations for spot 99.90% magnesium ingot in the Fugu region ranged from 16,800 to 16,900 yuan/mt, with the mainstream spot transaction price hovering around 16,800 yuan/mt, representing a decrease of 100 yuan/mt from yesterday's transaction price.

[SMM Spot Magnesium Ingot Flash Report: Sluggish Transactions, Magnesium Prices Continue to Decline Today] SMM reported on May 28 that domestic magnesium prices continued to decline today. The mainstream quotations for spot 99.90% magnesium ingot in the Fugu region ranged from 16,900 to 17,000 yuan/mt, with spot transaction prices hovering around 16,900 yuan/mt, basically flat compared to yesterday.

[SMM Spot Magnesium Ingot Flash Report: Magnesium Prices Continue to Decline Today] SMM reported on May 26 that domestic magnesium prices stabilized today after halting their decline. The mainstream quotations for spot 99.90% magnesium ingot in the Fugu region ranged from 16,900 to 17,100 yuan/mt, with transaction prices hovering around 16,900 yuan/mt, basically flat compared to yesterday.