📌 Magnesium Market Update

Advisory Bazaar Info Services

🔹 Magnesium Raw Material

Dolomite prices in the Wutai region remain stable. Supply of high-quality dolomite has tightened due to production cuts by major producers, while demand remains firm as primary magnesium plants continue to operate at healthy rates.

Ferrosilicon futures closed weaker, and sluggishness persists in the spot market. Prices are likely to remain under pressure in the near term.

🔹 Magnesium Ingot

In the Fugu area, ingot prices have seen an accelerated decline. Small and medium smelters reduced prices to boost sales, pushing prices down to the range of 16,100–16,200 yuan/ton. Downstream buyers are purchasing strictly on a need-based basis.

🔹 Magnesium Alloy

Alloy prices are currently stable. However, weakness in raw material (ingot) prices may gradually soften base prices. At the same time, higher A00 aluminum prices are providing support to processing fees. Spot supply remains limited.

🔹 Magnesium Powder

Prices of magnesium powder continue to edge lower due to corrections in upstream raw material costs. Some producers have started replenishing inventories, but fresh demand remains limited.

Conclusion:

Short-term pressure persists in the magnesium ingot market, while dolomite remains supported. Prices in the alloy and powder segments are likely to stay within a narrow range. Overall, the market is expected to maintain a cautious to negative bias, with just-in-time purchasing remaining the dominant buying strategy.