For the Quarter Ending March 2025
North America
In Q1 2025, the North American region witnessed a challenging period for Magnesium Alloy Ingot pricing, with notable declines impacting the market. Several significant factors influenced this downturn. Supply dynamics played a crucial role, with increased availability and reduced demand exerting pressure on prices. Additionally, freight transportation experienced mixed results, further complicating the supply chain.
Moreover, demand for metals softened, particularly in the automotive sector, where vehicle sales declined, reflecting broader economic challenges such as high interest rates. However, the construction sector showed resilience, indicating sustained demand for construction-related commodities. In the USA, the market saw the most significant price changes, with a recorded a decrease from the previous quarter. Overall trends indicated a negative sentiment, with prices declining by 9.7% between the first quarter and the previous quarter.
Furthermore, due to fluctuations, the quarter ended with Magnesium Alloy Ingot priced at USD 2415/MT CFR Houston. Moreover, supply chain disruption during this period added complexity to the market, contributing to the overall decreasing pricing environment.
Europe
In Q1 2025, the Europe Region experienced a decrease in pricing environment for Magnesium Alloy Ingot. Additionally, the market for Magnesium Alloy Ingot was influenced by various factors, including supply constraints, demand fluctuations, and regulatory changes. These dynamics led to prices decline throughout the quarter. However, the Netherlands stood out with the most significant price changes. Moreover, the market in the Netherlands saw fluctuations driven by high inventory levels, cautious buying behaviour, and reduced activity in the construction and automotive sectors. Due to these challenges, the market reflected bearish sentiment. Overall trends indicated a correlation between supply and demand factors, with seasonality playing a role in price movements. The first quarter recorded an 8.5% decrease from the previous quarter, with no significant shift between the first and second half of the quarter. The quarter-ending price for Magnesium Alloy Ingot (AZ91D) CFR Hamburg in the Netherlands was USD 2319/MT, reflecting the negative pricing environment prevailing in the region. No plant shutdowns or disruptions were reported during the quarter.
APAC
In Q1 2025, the APAC region witnessed a challenging period for Magnesium Alloy Ingot pricing, marked by a significant decrease in prices. This decline was influenced by a multitude of factors, including oversupply, weakened demand, and global economic uncertainties. Manufacturers faced intense competition, particularly from low-cost imports, which added pressure on pricing dynamics. Additionally, disruptions in supply chains and reduced industrial activities played a role in driving prices down. Specifically in China, the market experienced the most substantial price changes, reflecting an overall bearish trend. The quarter saw a decrease from the previous quarter, with prices continuing to decline. Notably, there was an 8.9% drop in prices between the first quarter and the previous quarter. Due to the market is currently navigating through a complex landscape of rising supply but tepid demand, keeping prices lower. Despite some resilience in the face of challenges, the quarter ended with Magnesium Alloy Ingot (AZ91D) priced at USD 2223/MT FOB Tianjin, underlining the persisting negative sentiment in the pricing environment.
For the Quarter Ending December 2024
North America
In Q4 2024, the North American region witnessed a challenging period for Magnesium Alloy Ingot pricing, with notable declines impacting the market. Several significant factors influenced this downturn. Supply dynamics played a crucial role, with increased availability and reduced demand exerting pressure on prices. Additionally, freight transportation experienced mixed results, further complicating the supply chain.
Moreover, demand for metals softened, particularly in the automotive sector, where vehicle sales declined, reflecting broader economic challenges such as high interest rates. However, the construction sector showed resilience, indicating sustained demand for construction-related commodities. In the USA, the market saw the most significant price changes, with a recorded a decrease from the previous quarter. Overall trends indicated a negative sentiment, with prices declining by 8% between the fourth quarter and the third quarter.
Furthermore, due to fluctuations, the quarter ended with Magnesium Alloy Ingot priced at USD 2924/MT CFR Houston. Moreover, supply chain disruption during this period added complexity to the market, contributing to the overall decreasing pricing environment.
Europe
In Q4 2024, the Europe Region experienced a decrease in pricing environment for Magnesium Alloy Ingot. Additionally, the market for Magnesium Alloy Ingot was influenced by various factors, including supply constraints, demand fluctuations, and regulatory changes. These dynamics led to prices decline throughout the quarter. However, the Netherlands stood out with the most significant price changes. Moreover, the market in the Netherlands saw fluctuations driven by high inventory levels, cautious buying behavior, and reduced activity in the construction and automotive sectors. Due to these challenges, the market reflected bearish sentiment. Overall trends indicated a correlation between supply and demand factors, with seasonality playing a role in price movements. The fourth quarter recorded a 5% decrease from the previous quarter, with no significant shift between the first and second half of the quarter. The quarter-ending price for Magnesium Alloy Ingot (AZ91D) CFR Hamburg in the Netherlands was USD 2808/MT, reflecting the negative pricing environment prevailing in the region. No plant shutdowns or disruptions were reported during the quarter.
APAC
In Q4 2024, the APAC region witnessed a challenging period for Magnesium Alloy Ingot pricing, marked by a significant decrease in prices. This decline was influenced by a multitude of factors, including oversupply, weakened demand, and global economic uncertainties. Manufacturers faced intense competition, particularly from low-cost imports, which added pressure on pricing dynamics. Additionally, disruptions in supply chains and reduced industrial activities played a role in driving prices down. Specifically in China, the market experienced the most substantial price changes, reflecting an overall bearish trend. The quarter saw a decrease from the previous quarter, with prices continuing to decline. Notably, there was a 7% drop in prices between the fourth quarter and third quarter. Due to the market is currently navigating through a complex landscape of rising supply but tepid demand, keeping prices lower. Despite some resilience in the face of challenges, the quarter ended with Magnesium Alloy Ingot (AZ91D) priced at USD 2691/MT FOB Tianjin, underlining the persisting negative sentiment in the pricing environment.
For the Quarter Ending September 2024
North America
In Q3 2024, the North American region witnessed a challenging period for Magnesium Alloy Ingot pricing, with notable declines impacting the market. Several significant factors influenced this downturn. Supply dynamics played a crucial role, with increased availability and reduced demand exerting pressure on prices. Freight transportation experienced mixed results, further complicating the supply chain. Demand for metals softened, particularly in the automotive sector, where vehicle sales declined, reflecting broader economic challenges such as high interest rates. However, the construction sector showed resilience, indicating sustained demand for construction-related commodities.
In the USA, the market saw the most significant price changes, with a recorded a decrease from the previous quarter. Overall trends indicated a negative sentiment, with prices declining by 0.5% between the first and second half of the quarter.
Despite some fluctuations, the quarter ended with Magnesium Alloy Ingot priced at USD 3240/MT CFR Houston. Plant shutdowns during this period added to the disruption in the market, contributing to the overall decreasing pricing environment.
APAC
In Q3 2024, the APAC region witnessed a challenging period for Magnesium Alloy Ingot pricing, marked by a significant decrease in prices. This decline was influenced by a multitude of factors, including oversupply, weakened demand, and global economic uncertainties. Manufacturers faced intense competition, particularly from low-cost imports, which added pressure on pricing dynamics. Additionally, disruptions in supply chains and reduced industrial activities played a role in driving prices down.
Specifically in China, the market experienced the most substantial price changes, reflecting an overall bearish trend. The quarter saw a decrease from the previous quarter, with prices continuing to decline. Notably, there was a 4% drop in prices between the first and second half of the quarter alone. Due to the market is currently navigating through a complex landscape of rising supply but tepid demand, keeping prices lower.
Despite some resilience in the face of challenges, the quarter ended with Magnesium Alloy Ingot (AZ91D) priced at USD 2904/MT FOB Tianjin, underlining the persisting negative sentiment in the pricing environment.
Europe
In Q3 2024, the Europe Region experienced a decrease in pricing environment for Magnesium Alloy Ingot. Additionally, the market for Magnesium Alloy Ingot was influenced by various factors, including supply constraints, demand fluctuations, and regulatory changes. These dynamics led to prices decline throughout the quarter.
However, the Netherlands stood out with the most significant price changes. Moreover, the market in the Netherlands saw fluctuations driven by high inventory levels, cautious buying behavior, and reduced activity in the construction and automotive sectors. Due to these challenges, the market reflected bearish sentiment. Overall trends indicated a correlation between supply and demand factors, with seasonality playing a role in price movements. The quarter recorded a 2% decrease from the previous quarter, with no significant shift between the first and second half of the quarter.
The quarter-ending price for Magnesium Alloy Ingot (AZ91D) CFR Hamburg in the Netherlands was USD 2990/MT, reflecting the stable pricing environment prevailing in the region. No plant shutdowns or disruptions were reported during the quarter.
For the Quarter Ending June 2024
North America
In Q2 2024, the Magnesium Alloy Ingot market in North America experienced predominantly stable pricing dynamics, influenced by a confluence of market factors. The quarter has been marked by a balanced supply-demand scenario, bolstered by consistent production levels and moderate economic activities. Although the global industrial metal landscape faced sporadic disruptions, such as intermittent plant shutdowns at key facilities, the Magnesium Alloy Ingot market remained largely insulated. Contributing to the stable pricing was the absence of significant supply constraints, with ample stock availability and relatively smooth logistics maintaining equilibrium.
In the USA, the Magnesium Alloy Ingot (AZ91D) market exhibited noticeable price changes, reflecting underlying trends and seasonal patterns. Despite a sequential decline of 7% from the previous quarter, the pricing environment stabilized over the quarter, ending with a negligible overall price variation. This stability was largely attributed to balanced market activities and the absence of extreme economic fluctuations. Additionally, moderate to high demand from the automotive sector played a crucial role in sustaining prices, despite the broader manufacturing sector showing signs of deceleration.
The quarter recorded a stable sentiment, with the pricing environment being neither significantly positive nor negative. The latest quarter-ending price for Magnesium Alloy Ingot (AZ91D) CFR HOUSTON in the USA stood at USD 3307/MT, highlighting a consistent market outlook amidst a backdrop of stable supply-demand fundamentals and moderate economic activities.
APAC
In Q2 2024, the APAC region experienced a declining trend in Magnesium Alloy Ingot prices, influenced by several key factors. Market prices were pressured by weak demand fundamentals, driven by high ocean freight costs that deterred overseas buyers and sluggish economic conditions domestically. The supply side remained stable but witnessed fluctuations due to rotational maintenance and production adjustments in response to squeezed profit margins and rising raw material costs. Notably, the quarter saw increased production levels post-maintenance, although this did not translate into sustained demand recovery.
China, a significant player in the Magnesium Alloy Ingot market, observed pronounced price changes. The country's magnesium alloy production increased year-over-year due to improved downstream processing activities and full-capacity operations at large manufacturers. However, demand challenges persisted as high aluminum prices and economic uncertainties dampened market sentiment. Seasonal factors, including the impact of the monsoon season and fluctuations in mining activities, further influenced price trends.
Compared to the previous quarter, prices decreased by 1%, reflecting a consistent bearish sentiment.
Overall, the pricing environment in Q2 2024 was negative, culminating in a quarter-ending price of USD 3268/MT for Magnesium Alloy Ingot (AZ91D) FOB Tianjin in China. The combination of stable supply, low demand, and economic uncertainties created a challenging market landscape, with significant price declines characterizing the quarter.
Europe
In Q2 2024, the European market for Magnesium Alloy Ingot experienced a significant downturn, reflecting a negative pricing environment. Multiple factors contributed to this decline, including rising inflation, regulatory changes, and fluctuating energy costs. The enactment of the EU Critical Raw Materials Act (CRMA) impacted supply dynamics by setting production and recycling benchmarks, which, despite their intention to secure material availability, created uncertainties and disruptions in the market. Additionally, rising alloy surcharges and volatile energy prices further exacerbated the situation, leading to higher production costs and decreased profitability.
In Netherlands, the most significant price adjustments were observed, underscoring a pronounced declining trend. The Dutch market faced a challenging quarter with historical high-interest rates by the European Central Bank, which restrained demand across sectors. This period also saw disruptions such as Thyssenkrupp's reduction of production capacity, which added to supply chain strains. Despite initial optimistic expectations, the lack of significant manufacturing and construction activity, coupled with low automotive sector performance, contributed to the negative sentiment.
Overall, the pricing context for Magnesium Alloy Ingot in Q2 2024 was adverse, with the environment reflecting heightened economic pressures and supply chain disruptions. The quarter ended with a price of USD 2994/MT CFR Rotterdam, marking a decline of 12% from the previous quarter. The persistent negative sentiment was evident as market participants navigated through a complex landscape of regulatory changes, economic challenges, and fluctuating demand, ultimately driving prices downward.
