Latest Update in the SMM Magnesium Market

[SMM Adds New 9990 Magnesium Ingot CIF (Netherlands) Price] To promote the international trade of magnesium ingots, help upstream and downstream enterprises worldwide better grasp market dynamics, obtain timely spot market information, reduce cross-border transaction risks and costs, and deepen research on the magnesium ingot industry chain, SMM will add and publish a new 9990 magnesium ingot CIF (Netherlands) price point starting from June 19, based on comprehensive market surveys, to provide references for the international market.

[SMM Spot Magnesium Ingot Flash Report: Bottom Out, Magnesium Prices Soar Today] SMM reported on June 11 that domestic magnesium prices bottomed out today. The mainstream quotations for spot 99.90% magnesium ingot in the Shaanxi market were in the range of 16,300-16,400 yuan/mt, up 300 yuan/mt from the morning quotations.

[SMM Magnesium Ingot Spot Cargo Flash Report: Supply and Demand at a Stalemate, Magnesium Prices Stop Falling and Stabilize Today] SMM reported on June 10 that domestic magnesium prices continued to decline today. The mainstream quotations for spot 99.90% magnesium ingot in the Shaanxi market stood at 16,000 yuan/mt, basically flat compared to the morning quotations.

[SMM Magnesium Ingot Spot Market Flash: Decline Continues, Magnesium Prices Remain Under Pressure Today] SMM reported on June 9 that domestic magnesium prices continued to decline today. The mainstream quotations for spot 99.90% magnesium ingot in the Shaanxi market were in the range of 15,900-16,000 yuan/mt, down 100 yuan/mt from the morning quotations.

[SMM Weekly Magnesium Review: Sluggish Market, Magnesium Prices Down by 1,000 Yuan This Week] Magnesium prices were in the doldrums this week. As of press time, the mainstream transaction prices of 99.90% magnesium ingot in the main producing areas were 16,000-16,100 yuan/mt, down by 1,000 yuan/mt from last Friday.

[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.