On January 5, the average price of primary magnesium (99.90%) was $2,450 per ton FOB Tianjin Port, up by $20; the average price was €2,100 per ton FOB Tianjin Port, up by €25. PriceSeek's analysis of magnesium shows a long-short score of 1. The article indicates that on January 5, the average price of primary magnesium FOB Tianjin Port increased by $20 per ton to $2,450 per ton and by €25 per ton to €2,100 per ton, suggesting a strengthening spot price, reflecting increased demand or tightening supply. This constitutes a moderate positive for the magnesium spot market, supporting a short-term upward price trend.
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