Magnesium ingot market on July 29,2026

It is understood that last Friday and over the weekend, some factories in the market saw a small number of actual transactions at prices ranging from 15,900 to 16,000 yuan/ton (including tax), but overall volume did not increase significantly, and the market remained primarily driven by immediate restocking needs.

On the supply side, manufacturers' willingness to maintain prices continues to strengthen, with limited low-priced supplies, further solidifying the market's bottom support. Coupled with previous maintenance shutdowns at some enterprises, this further supports a steady upward trend in prices. However, considering the overall low number of inquiries over the weekend, market transactions were limited, and magnesium producers generally maintained a wait-and-see approach to price stability.

On the demand side, procurement remained at a just-in-time pace. Downstream inquiries were generally weak at the beginning of the week, and concentrated restocking activity has not yet materialized. Most end-users and traders remained cautious, mainly purchasing small quantities as needed, resulting in a slow overall market transaction pace.

In summary, while supply-side support has improved somewhat and prices are gradually shifting upward, demand remains relatively weak, leaving the market in a state of uncertainty regarding whether prices will rise or fall. The magnesium ingot market is expected to remain stable with a slight upward bias in the short term, consolidating within a range. Future market developments will depend on the follow-up of demand-driven transactions and changes in manufacturers' sales sentiment.