Magnesium Market Update (China)
Advisory Bazaar Info Services
🔹 Magnesium Raw Materials
Prices:
▪️ 1–3 cm dolomite (Wutai), ex-factory (ex-tax): 108 yuan/mt, unchanged
▪️ 2–4 cm dolomite (Wutai), ex-factory (ex-tax): 128 yuan/mt, unchanged
▪️ Mainstream ex-factory price of 75 ferrosilicon in Shaanxi: 5,850 yuan/mt
Supply & Demand:
▪️ Dolomite prices in Wutai remained stable.
▪️ Leading producers have confirmed production halts, tightening the supply of high-quality dolomite.
▪️ High operating rates at primary magnesium plants continue to support dolomite demand, keeping prices well supported.
▪️ The most-traded ferrosilicon futures contract (2603) closed at 5,736 yuan, up 122 yuan.
▪️ Spot ferrosilicon supply remained stable; downstream buyers adopted just-in-time procurement.
➡️ Ferrosilicon prices are expected to fluctuate within a range.
🔹 Magnesium Ingot
Prices:
▪️ Mainstream transaction price in Fugu: 16,700 yuan/mt, up 150 yuan/mt
▪️ China FOB: $2,360–2,410/mt
Supply & Demand:
▪️ Primary smelters maintained firm quotations.
▪️ Downstream buyers gradually entered the market for just-in-time stocking.
▪️ Some transactions were concluded at higher price levels, but overall follow-up remained weak.
➡️ Magnesium prices are expected to remain firm in the short term.
🔹 Magnesium Alloy
Prices:
▪️ Mainstream tax-included ex-factory price: 18,850–19,050 yuan/mt
▪️ China FOB: $2,630–2,690/mt
Supply & Demand:
▪️ Magnesium alloy prices rose in line with magnesium ingot prices.
▪️ Benchmark ingot prices increased by 200 yuan/mt day-on-day.
▪️ Auxiliary material prices stayed at high levels with limited fluctuations.
▪️ Spot availability remained tight, and processing fees are expected to stay firm.
🔹 Magnesium Powder
Prices:
▪️ 20–80 mesh magnesium powder, tax-included ex-factory: 17,800–18,000 yuan/mt
▪️ China FOB: $2,520–2,570/mt
Supply & Demand:
▪️ The magnesium powder market operated steadily.
▪️ Domestic buyers continued need-based purchasing.
▪️ New export orders remained limited.
▪️ Rising magnesium ingot costs led to a mild increase in powder quotations.