Monthly Magnesium Market Report Oct 2026

In early October, rising producer stocks and cash-flow pressure, alongside slightly softer coal and ferrosilicon costs, kept magnesium ingot prices under pressure; sluggish demand and buyer caution left transactions slack.Asian Metal Copyright9%min remained inactive and trended down on weak steel and chemical demand, falling sharply early in the month before stabilizing weakly at lows as long-term orders emerged at buyer targets.Asian Metal Copyright Prices held low in the second half and bottomed in late October; once aligned with buyer targets, purchasing improved.Asian Metal Copyright9%min remained inactive and trended down on weak steel and chemical demand, falling sharply early in the month before stabilizing weakly at lows as long-term orders emerged at buyer targets.Asian Metal Copyright Magnesium powder 99.Asian Metal Copyright Indian magnesium ingot prices moved lower amid falling Chinese prices and hand-to-mouth buying, with slow activity.Asian Metal Copyright9%min remained inactive and trended down on weak steel and chemical demand, falling sharply early in the month before stabilizing weakly at lows as long-term orders emerged at buyer targets. AZ91D alloy ingot fell nearly RMB500/t (USD74/t) early in the month as die-casters bought cautiously, then stabilized weakly with scheduled purchases.Asian Metal Copyright Indian magnesium ingot prices moved lower amid falling Chinese prices and hand-to-mouth buying, with slow activity.Asian Metal Copyright Chinese magnesium ingot export prices trended down in line with the domestic decline and cautious overseas buying; suppliers accepted lower target prices to compete, and transactions improved late in the month as prices met major foreign consumers’ targets.Asian Metal Copyright AZ91D alloy export prices fell by around USD90t early in the month amid weak demand and small-volume foreign buying, then followed the domestic weak stability in the second half, with limited spot buying.Asian Metal Copyright Magnesium powder export prices fell sharply early in October in line with ingot prices, with foreign steel and chemical buyers purchasing minimal volumes; prices stabilized weakly at lows in the second half, and long-term orders increased slightly as buyer targets were met. AZ91D alloy export prices fell by around USD90/t early in the month amid weak demand and small-volume foreign buying, then followed the domestic weak stability in the second half, with limited spot buying.Asian Metal Copyright Prices held low in the second half and bottomed in late October; once aligned with buyer targets, purchasing improved.Asian Metal Copyright Indian magnesium ingot prices moved lower amid falling Chinese prices and hand-to-mouth buying, with slow activity.Asian Metal Copyright Rotterdam prices tracked China’s decline as suppliers competed more aggressively for deals; European buyers purchased cautiously, and overall activity remained subdued.Asian Metal Copyright Russian prices followed China’s softening trend, while cautious buyer purchasing kept transactions inactive.Asian Metal Copyright Rotterdam prices tracked China’s decline as suppliers competed more aggressively for deals; European buyers purchased cautiously, and overall activity remained subdued.Asian Metal Copyright Rotterdam prices tracked China’s decline as suppliers competed more aggressively for deals; European buyers purchased cautiously, and overall activity remained subdued.Asian Metal Copyright AZ91D alloy ingot fell nearly RMB500t USD74t early in the month as die-casters bought cautiously, then stabilized weakly with scheduled purchases.Asian Metal Copyright