Magnesium ingot market dynamics

Today, the magnesium price remained stable but slightly weak. Our company quoted a price of 16500 yuan/ton for 99.90% magnesium ingots, including tax, in cash. We mainly purchase on demand and have not seen any increase in overall procurement. Although there has been a slight increase in raw material prices recently, it has not yet radiated to the magnesium ingot market and generated positive news; At present, our company has expressed that the profit margin is limited, and in the future, magnesium prices may mainly fluctuate slightly due to demand and raw material constraints.

At the same time, our company also produces and supplies various other magnesium metal products, such as small magnesium ingots, magnesium alloy ingots, magnesium heads, magnesium chips, etc. Both large and small tonnage can be ordered and shipped.