May Magnesium Market Forecast

In May, the magnesium market as a whole was in a good position. From the perspective of domestic production in the first quarter of this year, the Shaanxi region experienced negative growth in output for the first time year-on-year, and the continued low inventory level in the industry was favorable to the rise in magnesium prices. At the same time, based on the expectation that the downstream market will remain strong in May, it will promote magnesium prices to a certain extent. It is expected that the price of magnesium will continue to increase in May, and the volatility range will be between 15,000 and 158,000 yuan per ton. The FOB Tianjin port price is expected to be between 2470 and 2560 USdollars per ton.