At the beginning of a new week, the magnesium market has not changed significantly, and the market is weak and stable. According to market feedback, last Friday, as the market quotations fell, some downstream demand customers carried out appropriate replenishment.

Judging from the current market, the magnesium ingot market as a whole is relatively quiet when the market returns at the beginning of the week. As the current magnesium price has been hovering at a low level, affected by the mentality of "buying up but not down", downstream customers and middlemen are not very active in purchasing overall. At the same time, since the current market price has fallen below the cost line of some factories, the decline in magnesium prices has slowed down, and the supply and demand are slightly deadlocked. Most people in the industry hold a wait-and-see attitude.

To sum up, in the short term, if there is no special positive stimulus to the magnesium market, it may be difficult to reverse the market supply and demand pattern. It is expected that the magnesium market will continue its weak and stable consolidation operation at the current price this week. Wait and see the follow-up market transactions this week.