Magnesium market

On January 26, 2021, the ex-factory cash price of magnesium ingots (99.9%, no pickling, simple packaging) in major domestic production areas, including tax, stabilized, with an overall range of 14,100-14,400 yuan/ton, and actual order negotiations are the main focus.

Specific price range by region

Fugu area ex-factory foreign exchange including tax is 14,100-14,400 yuan/ton; Taiyuan area is 14,300-14400 yuan/ton; Wenxi area is 14,400-14500 yuan/ton; Ningxia area is 14,100-14300 yuan/ton.

Magnesium ingots are national standard (GB/T3499-2011) primary magnesium ingots; non-pickling, no wooden pallets, and non-payment of acceptance price, actual order negotiation is the main focus.

As the Spring Festival approaches, downstream stocking demand has improved slightly. Some magnesium ingot manufacturers have low inventories and are willing to maintain prices. It is expected to stabilize in the near future, and some manufacturers will increase slightly

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