ChemPriceHub Alert: FOB Tianjin Port Price for Primary Magnesium Increased on January 29th

On January 29, the average price of primary magnesium (99.90%) was $2,565 per ton FOB Tianjin Port, up by $15; and €2,145 per ton FOB Tianjin Port, up by €10. PriceSeek's analysis of magnesium, with a bullish-bearish score of 1, indicates that the increase in the average FOB Tianjin Port price of primary magnesium by $15 per ton to $2,565 and €10 per ton to €2,145 suggests rising market demand or tightening supply, which is favorable for spot prices. The moderate increase reflects a short-term supply-demand imbalance, supporting expectations of stable to rising magnesium prices.