On January 12, the average price of primary magnesium (99.90%) on a FOB Tianjin Port basis was $2,565 per ton, down by $10, and €2,210 per ton, down by €5. PriceSeek's analysis of magnesium indicates a bearish score of -1. The article shows that the average FOB Tianjin Port price of primary magnesium (99.90%) decreased by $10 to $2,565 per ton and by €5 to €2,210 per ton, indicating a decline in spot prices. This reflects ample market supply or weak demand, exerting a generally bearish impact on magnesium spot prices. The relatively small magnitude of the price adjustments (approximately 0.39% for the dollar price and 0.23% for the euro price) suggests mild short-term downward pressure. However, attention should be paid to subsequent changes in supply and demand dynamics.
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