For the Quarter Ending June 2025
North America
• The Magnesium Alloy Ingot Price Index in North America fell by 11.2% quarter-over-quarter in Q2 2025, reflecting a sustained surplus in market availability. The decline was largely driven by aggressive overseas offers—especially from South Korea, Germany, and Mexico—amid stagnant downstream demand in the U.S. auto components and die-casting sectors.
• The Magnesium Alloy Ingot Production Cost Trend remained stable, supported by uninterrupted production flows and energy-efficient smelting in supplier countries. No major logistics bottlenecks or plant outages were reported, and the CFR Houston supply chain operated smoothly throughout the quarter.
• The Magnesium Alloy Ingot Demand Outlook remained conservative as Tier-1 automotive suppliers postponed purchases, citing excess Q1 inventory and weak production forecasts for summer 2025. Policy ambiguity surrounding potential tariffs on magnesium alloy imports also contributed to cautious procurement behaviour.
• Why did the price change in July 2025? The Magnesium Alloy Ingot Spot Price held steady in July, reflecting a balanced market where sufficient inventories and flat production activity offset any upward pricing pressures. With buyers still hesitant and export-driven competition intact, the Magnesium Alloy Ingot Price Forecast for North America remains neutral in the near term.
APAC
• The Magnesium Alloy Ingot Price Index in China recorded a 13% quarter-over-quarter decline in Q2 2025, a result of accelerated smelting activity outpacing demand. Smelters across Xinjiang and Shaanxi resumed operations, lifting output substantially and adding export pressure to already well-stocked inventories.
• The Magnesium Alloy Ingot Production Cost Trend declined as raw magnesium prices softened and production efficiency improved. Domestic manufacturers benefited from a 6.63% MoM increase in primary magnesium output, enabling them to offer more competitively priced alloy ingots into international markets.
• The Magnesium Alloy Ingot Demand Outlook was weighed down by sluggish overseas demand, particularly from automotive markets in Germany, Japan, and the U.S. Electronics and consumer goods sectors provided only marginal support, while FOB Tianjin shipments faced limited buyer interest.
• Why did the price change in July 2025? Following a 1.6% decline in June, the Magnesium Alloy Ingot Spot Price in China remained flat in July, reflecting weak order books and intensified export competition. Although production momentum continued, limited end-use uptake capped any pricing recovery, keeping the Magnesium Alloy Ingot Price Forecast range-bound for the near future.
Europe
• The Magnesium Alloy Ingot Price Index in Europe, especially at CFR Rotterdam and Hamburg ports, declined by 13% quarter-over-quarter in Q2 2025. Elevated shipments from China and other Asian producers—offering lower-cost quotes—flooded the market, while domestic output in Germany and the Netherlands held steady, further deepening the surplus.
• The Magnesium Alloy Ingot Production Cost Trend remained steady in Europe, but import prices dropped due to currency strength (euro appreciation), low freight rates, and declining raw material costs from exporting nations. The combination of smooth port logistics and no major bottlenecks enabled uninterrupted CFR flows.
• The Magnesium Alloy Ingot Demand Outlook remained soft across the continent. In the Netherlands, weakening EV production and a rise in second-hand EV exports signaled reduced need for fresh ingot stock. German industrial buyers, facing stagnant output from machinery and engineering sectors, adopted conservative procurement strategies and relied on existing inventories.
• Why did the price change in July 2025? The Magnesium Alloy Ingot Spot Price in Europe declined slightly in July, continuing the Q2 downward trend. Ample portside inventories, weak die-casting demand, and competitive FOB offers from Chinese exporters suppressed any potential rebound. As a result, the Magnesium Alloy Ingot Price Forecast across Europe remains flat to bearish unless a Q3 recovery in auto production or electronics demand materializes.
For the Quarter Ending March 2025
North America
• The North American Magnesium Alloy Ingot Price Index witnessed a decline during Q1 2025, settling at around USD 2415/MT CFR Houston.
• This downturn was primarily driven by increased supplies and eased demand, especially from the key sector like automotive.
• Why did the price of Magnesium Alloy Ingot change in April 2025? During early April 2025 prices were decreased further, as automotive sector recovery remains slow and inventories stay elevated.
• High interest rates dampened vehicle sales, a key driver of Magnesium Alloy Ingot Demand Outlook in this region.
• Construction activity offered some stability; however, it wasn’t sufficient to counter the broader negative momentum.
• Freight transportation variability and persistent supply chain disruptions further pressured the Magnesium Alloy Ingot Spot Price.
• The quarter recorded a 9.7% decline compared to Q4 2024, reflecting weak buyer sentiment and ample inventory.
• The Magnesium Alloy Ingot Production Cost Trend was relatively stable, but margin pressure mounted due to falling prices.
• The Magnesium Alloy Ingot Price Forecast suggests continued downward movement unless automotive recovery gains traction or supply tightens.
Europe
• The Magnesium Alloy Ingot Price Index in Europe showed a quarter-over-quarter decline of 8.5%, ending at USD 2319/MT CFR Hamburg.
• Why did the price of Magnesium Alloy Ingot change in April 2025? During April 2025 prices were projected to decrease slightly, influenced by cautious purchasing behaviour and excess inventory levels.
• Regulatory shifts, weak construction activity, and a sluggish automotive sector affected overall consumption patterns.
• The Netherlands experienced the most notable fluctuations, driven by a mismatch between supply and demand.
• No major production outages were reported, suggesting that the Magnesium Alloy Ingot Production Cost Trend remained under control.
• However, high stock levels and low end-use activity depressed the Magnesium Alloy Ingot Spot Price.
• Seasonal effects and bearish market sentiment reinforced weak trading volumes and price pressures.
• The Magnesium Alloy Ingot Demand Outlook remains subdued in Europe due to ongoing macroeconomic uncertainty.
• The Magnesium Alloy Ingot Price Forecast suggests marginal declines unless Q2 sees stronger construction or manufacturing activity.
APAC
• The Magnesium Alloy Ingot Price Index in APAC declined sharply, with prices dropping by 8.9% compared to the previous quarter, ending at USD 2223/MT FOB Tianjin.
• Why did the price of Magnesium Alloy Ingot change in April 2025? In early April 2025 prices remained weak and decline further, driven by continued oversupply and slow demand recovery.
• China led regional price drops, influenced by rising supply, low-cost competition, and weaker-than-expected industrial activity.
• Global economic challenges, reduced manufacturing momentum, and supply chain bottlenecks kept prices under pressure.
• The Magnesium Alloy Ingot Spot Price was especially sensitive to fluctuating export volumes and inconsistent domestic demand.
• The Magnesium Alloy Ingot Demand Outlook in APAC remains fragile, with oversupply scenarios outweighing recovery signals.
• Manufacturers struggled to maintain profitability amid falling prices and competitive market conditions.
• Despite limited cost inflation, producers felt the squeeze due to price wars, contributing to an adverse Magnesium Alloy Ingot Production Cost Trend.
• The Magnesium Alloy Ingot Price Forecast for Q2 shows limited upside potential unless industrial recovery in China accelerates.
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.
Frequently Asked Questions (FAQs):
1. What is the current price of Magnesium Alloy Ingot (AZ91D)?
Prices vary by region, reflecting market-specific inventory and demand dynamics. In July 2025, the Magnesium Alloy Ingot Spot Price held steady in North America and China following earlier Q2 declines, while Europe saw a slight additional dip. The latest settled price was USD 2,745/MT on a CFR Rotterdam basis, reflecting intensified overseas competition and flat global buying sentiment.
2. Who are the top Magnesium Alloy Ingot (AZ91D) producers in China and Europe?
In China, key producers include Wenxi Yinguang Magnesium, Yulin Magnesium, and Taiyuan Yiwei, all of which have ramped up output in Shaanxi and Xinjiang. In Europe, domestic suppliers in Germany and the Netherlands maintain moderate production, but the region remains heavily reliant on imports—especially from China, South Korea, and Turkey.
3. What is the expected price trend of Magnesium Alloy Ingot (AZ91D) in Q3 2025?
The Magnesium Alloy Ingot Price Forecast remains neutral to slightly bearish across major markets. North America and Europe are expected to continue facing pricing pressure from high inventories and slow auto sector recovery. In APAC, China's ongoing export competition and limited international demand will likely keep prices in a narrow range.
4. How is the Magnesium Alloy Ingot (AZ91D) Production Cost Trend impacting prices globally?
Global production costs remained stable or declined slightly in Q2 2025. China’s smelters benefited from falling raw magnesium input prices and greater smelting efficiency, while Europe enjoyed low freight rates and currency-driven import advantages. These cost trends supported aggressive pricing strategies by exporters, contributing to sustained price declines worldwide.
