The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:
SMM
Sign In
Base Metals
Aluminum
Copper
Lead
Nickel
Tin
Zinc
New Energy
Solar
Lithium
Cobalt
Lithium Battery Cathode Material
Anode Materials
Separator
Electrolyte
Lithium-ion Battery
Sodium-ion Battery
Used Lithium-ion Battery
Hydrogen Energy
Energy Storage
Minor Metals
Silicon
Magnesium
Titanium
Bismuth/Selenium/Tellurium
Tungsten
Antimony
Chromium
Manganese
Indium/Germanium/Gallium
Niobium/Tantalum
Other Minor Metals
Precious Metals
Rare Earth
Gold
Silver
Palladium
Platinum/Ruthenium
Rhodium
Iridium
Scrap Metals
Copper Scrap
Aluminum Scrap
Tin Scrap
Ferrous Metals
Iron Ore Index
Iron Ore Price
Coke
Coal
Pig Iron
Steel Billet
Finished Steel
International Steel
Others
Futures
SMM Index
MMi
Cost-Driven Factors and Concentrated Procurement Push Up Fugu Magnesium Prices, Trading Slows After Single-Day Surge [SMM Spot Magnesium Ingot Express]
Nov 05, 2025, at 6:41 pm
[SMM Magnesium Ingot Spot Market Update: Cost-Driven Factors and Concentrated Procurement Lead to Single-Day Price Surge in Fugu, Followed by Slower Trading] On November 5, trading activity in the Fugu magnesium ingot market was brisk, with transactions exceeding 1 kt at prices ranging from 16,100 to 16,150 yuan/mt in the morning. Subsequently, supported by a sudden increase in coal costs, magnesium ingot producers uniformly held prices firm in the afternoon, raising mainstream quotations to 16,200 yuan/mt. After the price increase, buying interest in the market pulled back, with downstream buyers shifting to a wait-and-see approach, leading to an overall slowdown in the trading atmosphere.
SMM November 5: Mainstream quotations for magnesium ingots in the Fugu area today were 16,200 yuan/mt, with FOB prices at $2,300/mt.
During the morning session, the main trading range was 16,100-16,150 yuan/mt, with trading volume exceeding 1,000 mt. Due to a sudden increase in coal prices on the cost side and active trading, magnesium ingot producers uniformly held prices firm starting in the afternoon, and current market offers have generally risen to 16,200 yuan/mt. However, after the price hike, market wait-and-see sentiment significantly intensified, and trading activity cooled. Magnesium prices are expected to continue fluctuating rangebound in the near term, with the tug-of-war between sellers and buyers persisting.
