China Nonferrous Metals News

This week, domestic magnesium prices have been under pressure on weak downstream demand. As of 5th March 2021, mainstream magnesium prices were being quoted at RMB15,300~15,500/t in Fugu Shaanxi with transactions settling at RMB15,100~15,300/t. In Wenxi Shanxi, transaction prices were RMB15,400~15,500/t. All prices were ex-works with taxes by cash.

Market commentators forecast domestic magnesium prices will continue under pressure next week amid continued weak demand.


CM Group Newsletter

Sign up to the CM Group newsletter to receive regular publications.