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Transactions Slightly Recovered, Magnesium Prices in the Doldrums [SMM Spot Magnesium Ingot Market Update]
Sep 08, 2025, at 6:21 pm
[SMM Spot Magnesium Ingot Market Update: Slight Recovery in Transactions Amid Weak Price Trend] Today's Fugu magnesium ingot prices were quoted at 16,900-17,000 yuan/mt, with FOB offers at $2,385/mt, remaining stable but continuing in the doldrums. Market transactions showed slight improvement, as some foreign trade orders entered procurement to boost demand. Mainstream transaction prices stabilized at 16,900 yuan/mt, though the higher price range still lacked support. Overseas clients maintained a wait-and-see stance for post-October orders, with spot offers concentrated at $2,350-2,400/mt. The magnesium ingot market is expected to remain weak in the short term, with any substantial rebound contingent upon sustained demand recovery.
SMM reported on September 8 that today's ex-works offers for magnesium ingot in Fugu region stood at 16,900-17,000 yuan/mt, flat from the previous trading day, while FOB offers were at $2,385/mt.
The magnesium ingot market continued its tug-of-war between sellers and buyers, with prices remaining in the doldrums. Mainstream transaction prices held at 16,900 yuan/mt, though intraday trading activity showed slight improvement as some foreign trade orders entered the market, providing a modest boost to demand. However, transaction prices failed to stabilize at higher levels. Overseas markets maintained a wait-and-see stance, particularly exercising caution toward orders for October and later shipments, with spot offers mostly concentrated in the $2,350-2,400/mt range. Magnesium prices are expected to remain weak in the short term.
