》View SMM Magnesium Spot Quotations, Data, and Market Analysis
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Today, the mainstream quotations for magnesium ingot smelters in Fugu and Shenmu regions of Shaanxi were 15,100 yuan/mt, and the transaction price for 99.9% magnesium ingot was 15,000-15,100 yuan/mt, with magnesium prices fluctuating downward.
Today, the magnesium ingot market quotations continued the downward trend. As market prices approached 15,000 yuan, the decline in transaction prices slightly slowed. Downstream buyers seized the opportunity to enter the market for procurement, and today's magnesium ingot transactions performed well. Considering that the bearish sentiment among industry participants is unlikely to reverse in the short term and downstream demand recovery still requires time, the magnesium ingot market is expected to face increasing stagnation in the short term, with magnesium ingot prices likely to fluctuate downward as the main trend.
