Monthly Magnesium Market Report Sep 2026
2026-10-14 23:03:46 【Print】
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The magnesium ingot segment encapsulated September’s cost-demand tug-of-war. Early in the month, softening coal and ferrosilicon prices alleviated production costs, yet an oversupplied market and sluggish demand dragged mainstream ingot prices down by nearly RMB350/t (USD52/t). Holiday-driven restocking ahead of the Mid-Autumn Festival and National Day briefly revived transactions; meanwhile, a modest rebound in coal and ferrosilicon lifted costs, enabling ingot prices to edge upward. Once pre-holiday procurement had largely concluded, momentum dissipated, seller competition intensified, and prices drifted marginally lower.
The magnesium powder largely mirrored ingot’s downward trajectory. From early to mid-September, weakening ingot values and muted demand from steel mills and chemical plants kept spot transactions inactive. In the ensuing weeks, persistent buyer caution and further softening in ingot prices continued to erode powder quotations, leaving the spot market characterized by thin liquidity and subdued sentiment.
The magnesium AM60B and AZ91D alloy bore the brunt of demand-side weakness. In the first half of September, faltering overseas die-casting and 3C demand left transactions scarce and plants under acute selling pressure, prompting price competition as a means to secure sales. In the second half, with die-casting activity still lackluster and domestic prices softening, alloy quotations drifted slightly lower.
China’s magnesium ingot export market traced a volatile September. Domestic price weakness and foreign buyers’ caution initially thinned transactions and cut mainstream quotes by nearly USD40/t. A brief domestic rebound and firmer overseas purchasing lifted prices, yet late-month buyer restraint and renewed domestic softness reversed the gain, leaving the spot market subdued.
Entering September, the magnesium powder exports remained mired in slack demand from overseas steel mills and chemical plants, compounded by persistent supplier competition. Exporters repeatedly trimmed offers to secure scarce business, and as slow trading and softening prices persisted, quotations continued to erode.
In September, the AM60B alloy exports followed the broader downtrend. Lower ingot prices and weak casting demand depressed mainstream export levels from early to mid-September amid scant transactions. In the latter half, cautious buying and domestic price softening extended the decline, keeping the export market conspicuously slack.
