On January 6, the average price of primary magnesium (99.90%) on an FOB Tianjin Port basis increased by USD 35 to USD 2,485 per ton and by EUR 25 to EUR 2,125 per ton. PriceSeek's analysis of magnesium indicates a bullish-bearish score of 1. The article shows that the average spot price of primary magnesium (99.90%) on an FOB Tianjin Port basis rose by USD 35 to USD 2,485 per ton and by EUR 25 to EUR 2,125 per ton on January 6, reflecting tight supply or increased demand in the spot market, which directly benefits spot prices. The price increase is significant (approximately a 1.4% rise in USD terms) but is not driven by major events, resulting in a generally positive rating.
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