Magnesium ingot market on March 18,2026

As of Wednesday, the magnesium ingot market has maintained a stable pattern for several consecutive days, with factory quotations remaining stable at 16,700 yuan/ton. Some manufacturers indicated they would not ship below this price, demonstrating a significant reluctance to sell and a desire to maintain prices. Looking at recent transaction data, downstream market purchases increased slightly yesterday compared to the previous period, with transaction prices concentrated in the 16,600-16,650 yuan/ton range. Smooth downstream demand transactions provided some support for market stability. The overall magnesium ingot market continued its stable trend, with market sentiment leaning towards caution and a wait-and-see approach. From a supply and demand perspective, on the supply side, the market supply pace remained stable, with factories showing a strong desire to maintain prices. The recent sustained high coal prices have put significant pressure on manufacturers' production costs, further supporting their willingness to maintain prices, resulting in a narrowing of low-priced supply in the market. On the demand side, most buyers are focusing on replenishing inventory as needed and purchasing only for immediate needs, with overall operations being cautious and orderly.

In summary, the magnesium ingot market is expected to continue its stable trend in the short term, with prices consolidating within the current narrow range. Close attention should be paid to the actual market transaction situation later in the week.