View SMM Magnesium Spot Quotations, Data, and Market Analysis
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Today, the mainstream quotations for 99.90% magnesium ingot in major production areas were 16,500-16,600 yuan/mt, down by 50 yuan/mt compared to the previous working day. Inquiries were sluggish, and the supply and demand stalemate intensified.
SMM analysis suggests that magnesium ingot prices remained generally stable today. As just-in-time procurement was gradually completed, the spot market for magnesium ingot saw slightly sluggish transactions. Some magnesium ingot producers sold at low prices, and magnesium prices were in the doldrums. Considering factors such as the current low inventory, the bottom support for magnesium prices remains strong, and it is expected that magnesium prices will fluctuate rangebound in the short term.
