Brief introduction to the Magnesium Market on Wednesday
2025.9.10
Over half of this week, the domestic magnesium ingot market continued to operate stably, with prices the same as at the beginning of the week. Today, we learned that the quotations of mainstream factories in Fugu area are stable at 17,000 yuan/ton of tax-inclusive exchange rate, and some companies are quoting 16,900 yuan/ton, while other regional markets maintain stability simultaneously.
So far this week, the market trend is mainly based on stability, and the market volatility is limited. The transaction follow-up in the past two days is still acceptable, and the actual transaction price is concentrated in the range of RMB 16,800-16,900/ton with tax. The overall price stability of the supply side, and individuals can negotiate and negotiate the price in real orders. At the same time, the factory is also closely following the actual follow-up of downstream procurement, and the flexibility of adjustment strategies has been enhanced.
The demand side continues the characteristics of "firm demand dominance and high price prudence". Recently, customers who need urgent need have actively replenished the inventory at the psychological price, which has promoted transactions in the range of 16,800-16,900 yuan/ton. However, the downstream market still has limited acceptance of the price of 17,000 yuan/ton, and some customers who are not in a hurry to replenish the inventory choose to continue to wait and see.
The current market is in a period of supply and demand balance. The consensus on price stabilization on the supply side and selective procurement on the demand side form a tug-of-war. The price fluctuates slightly in the range of 16,800-17,000 yuan/ton, and it is difficult for the market to have a directional breakthrough.
In summary, the magnesium ingot market will continue to have a stable trend in the short term, and the price is likely to fluctuate in the narrow range of 16,800-17,000 yuan/ton. The key to the mid-to-late trend lies in the actual downstream transaction follow-up situation. Pay close attention to market transaction trends and price range changes.
