On January 16, the average price of primary magnesium (99.90%) FOB Tianjin Port was $2,555 per ton, down by $15, and €2,205 per ton, down by €10. PriceSeek's analysis of magnesium indicates a bearish score of -1. The report notes that the average price of primary magnesium (99.90%) FOB Tianjin Port decreased by $15 to $2,555 per ton and by €10 to €2,205 per ton on January 16, suggesting increased market supply or weak demand, which directly exerts bearish pressure on spot prices. The moderate decline in prices (approximately 0.59% for the dollar price and 0.45% for the euro price) reflects a short-term supply-demand imbalance but does not reach the level of significant volatility, resulting in a generally bearish rating.
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