📌 Magnesium Market Update

Advisory Bazaar Info Services

🔹 Magnesium Raw Materials – Prices

The ex-factory price of 1–3 cm dolomite (Wutai) was 108 yuan/mt and 2–4 cm dolomite was 128 yuan/mt, both unchanged from the previous working day. The mainstream ex-factory price of 75 ferrosilicon in Shanxi stood at 5,850 yuan/mt.

🔹 Supply and Demand

Dolomite prices in Wutai remained stable. Supply from other regions compensated for shutdowns at major producers. Delivery prices are expected to stay firm ahead of the Chinese New Year due to rising logistics and freight costs. Ferrosilicon futures weakened, while spot market transactions were limited because of the holiday period. In the near term, ferrosilicon prices are likely to remain stable.

🔹 Magnesium Ingot

The mainstream transaction price in the Fugu region was 16,350–16,450 yuan/mt, unchanged. China FOB prices were $2,320–2,380/mt.

Before the holidays, smelters showed weak selling interest and domestic demand had largely been fulfilled. Spot transactions were slow, with most deals concluded for future orders. Overall, prices are expected to remain around 16,400 yuan/mt until the holidays.

🔹 Magnesium Alloy

The tax-included ex-factory price was 18,600–18,800 yuan/mt, and the FOB price was $2,600–2,650/mt.

Raw material inventories had already been stocked in advance and production remained normal, while downstream die-casting demand weakened due to holiday closures. Market supply and demand are balanced, and prices are expected to stay stable in the near term.

🔹 Magnesium Powder

The tax-included ex-factory price of 20–80 mesh magnesium powder was 17,550–17,750 yuan/mt, and the FOB price was $2,480–2,540/mt.

With pre-holiday raw material stocking completed and production pace slowing, supply remained stable, while both domestic and export demand stayed weak. Reduced logistics capacity led to subdued trading sentiment.

Overall, magnesium powder prices are expected to remain stable in the near term.