On January 4th, the average price of primary magnesium (99.90%) FOB Tianjin Port increased by USD 20 to USD 2,430 per ton, and by EUR 15 to EUR 2,075 per ton. PriceSeek's analysis of magnesium shows a bullish-bearish score of +1. The article indicates that the average price of primary magnesium (99.90%) FOB Tianjin Port rose by USD 20 to USD 2,430 per ton and by EUR 15 to EUR 2,075 per ton on January 4th. This suggests tight supply and demand in the spot market, possibly due to increased export demand or supply-side disruptions, which is favorable for magnesium spot prices. The increase is relatively moderate (approximately 0.8%-0.7%), representing a general positive factor. It is expected that short-term spot prices may maintain an upward trend. The score of +1.0 reflects a positive but not significant impact.
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