Magnesium metal – price & market snapshot for June 2026 (procurement-focused). 1. Spot price levels & recent trend (99.9% ingot, China-focused, global reference) - April 10, 2026: benchmark 99.9% Mg ingot at ~18,450 CNY/t in China, with a marginal daily dip, described as a “steady recovery.” - May 2026: SMM reports magnesium ingot prices moving sideways in a band of 16,300–16,700 CNY/mt, with cost support but weak demand; by early June, prices continue the “fluctuating and stagnant” pattern, then drift into a “fluctuating downward trend” as foreign trade softens and the price floor shifts lowe

Magnesium metal – price & market snapshot for June 2026 (procurement-focused). 1.

Spot price levels & recent trend (99.9% ingot, China-focused, global reference) - April 10, 2026: benchmark 99.9% Mg ingot at ~18,450 CNY/t in China, with a marginal daily dip, described as a “steady recovery.” - May 2026: SMM reports magnesium ingot prices moving sideways in a band of 16,300–16,700 CNY/mt, with cost support but weak demand; by early June, prices continue the “fluctuating and stagnant” pattern, then drift into a “fluctuating downward trend” as foreign trade softens and the price floor shifts lower.

- January 2026 (for reference, export-parity levels): Procurement Resource shows China magnesium prices around USD 2,359/MT and India around USD 2,467/MT at the start of 2026. Indicative takeaway for June 2026: spot prices in China are below the April peak (~18,450 CNY/t) and hovering near or somewhat under the 16,300–16,700 CNY/mt range seen in May, under pressure from weak demand despite cost support.

Short‑term model forecasts cited by Procurement Resource point to ~18,636.96 CNY/t by end of the current quarter, implying modest upside vs depressed early‑June levels if cost support and demand stabilize. 2. Supply–demand balance (June 2026) China (dominant in primary magnesium): - Supply: - New capacity is still coming online, and plants that were in maintenance in May are resuming; SMM expects June magnesium ingot production to be “basically flat MoM,” i.e., supply remains strong. -

What this means for buyers

Procurement teams should maintain flexible sourcing strategies for Magnesium given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.