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IndiaQ1 2025
In Q1 2025, Magnesium alloy ingot prices declined by $2,520 per metric ton FOB Shanghai, representing a 3.32% drop. This marked the fifth consecutive quarterly decrease, underscoring persistent softness in the market. The downturn was driven by subdued demand from key end-use sectors such as automotive and aerospace, amid broader macroeconomic uncertainty. Additionally, continued improvements in supply chains and elevated inventory levels in China and Europe exerted downward pressure. Market sentiment was further dampened by currency fluctuations and weak industrial activity in major importing regions, signaling a protracted period of price correction.
Q4 2024
During Q4 2024, Magnesium alloy ingot prices fell by $2,607 per metric ton FOB Shanghai, a decline of 5.10%. The price weakness reflected sustained oversupply and cautious buying behavior from downstream users. Production in China remained robust, supported by easing energy constraints and high operating rates, while demand growth stalled due to slowing global manufacturing. European buyers in particular reduced procurement in response to high stockpiles and weak economic indicators. The market also experienced limited speculative interest, which had previously propped up prices, contributing to the downward trajectory.
Q3 2024
In Q3 2024, Magnesium alloy ingot prices continued their downward trend, falling by $2,747 per metric ton FOB Shanghai, a 3.63% decrease. Oversupply remained the dominant market theme, with Chinese producers maintaining high output levels despite weakening international demand. The slowdown in sectors like automotive and electronics further curtailed consumption, while lower natural gas prices reduced production costs, removing a key upward pressure on prices. Additionally, improved shipping logistics allowed for faster delivery cycles, contributing to a more liquid and competitive market environment.
Q2 2024
In Q2 2024, Magnesium alloy ingot prices declined by $2,850 per metric ton FOB Shanghai, representing a 4.68% drop. The decrease was fueled by persistent supply-side strength, particularly from China, coupled with tepid demand in both Western and Asian markets. Magnesium alloy ingot buyers remained conservative amid ongoing global economic headwinds and inventory destocking. Meanwhile, environmental compliance costs, which had supported prices in prior quarters, were partially offset by government subsidies and favorable electricity tariffs, helping to keep production flowing and prices under pressure.
Q1 2024
Magnesium alloy ingot prices in Q1 2024 fell by $2,990 per metric ton FOB Shanghai, marking a 6.56% decline. This steep drop was largely attributed to a sharp decline in export demand, particularly from the European Union, amid a slowdown in industrial output and greater substitution by recycled materials. Despite winter-related disruptions in some regions, domestic production in China remained resilient, contributing to a buildup in inventories. The market also reacted to policy shifts aimed at boosting raw material exports, which increased the available supply and weighed on global prices.
Q1 2025 – India
In Q1 2025, Magnesium alloy ingot prices in India declined by ₹2,680 per metric ton CIF Nhava Sheva (China), reflecting a moderate drop of 0.76%. Domestic demand remained subdued, especially in the automotive and electronics manufacturing sectors. Despite marginal recovery in downstream operations, high stock levels and steady imports from China and the Middle East kept the market oversupplied. Softer input costs and a stable rupee also helped prevent price volatility. Buyers continued to delay purchases in anticipation of further corrections, resulting in cautious market sentiment.
Q4 2024 – India
Magnesium alloy ingot prices in India fell by ₹2,701 per metric ton CIF Nhava Sheva (China), registering a 3.98% decrease. The quarter saw a slowdown in domestic consumption as several auto and appliance manufacturers scaled back output amid sluggish retail demand and cost-cutting measures. On the supply front, Magnesium alloy ingot imports from China and Kazakhstan surged due to lower international prices, increasing competition for local producers. Falling freight charges and improved port handling times further supported the downward price movement in the Indian market.
Q3 2024 – India
In Q3 2024, Indian Magnesium alloy ingot prices declined by ₹2,813 per metric ton CIF Nhava Sheva (China), amounting to a 2.37% reduction. The fall was primarily driven by weak procurement from alloy producers and limited activity in the export sector. Domestic smelters operated at reduced capacity as demand projections remained conservative. While global geopolitical factors briefly disrupted Magnesium alloy ingot shipments, consistent availability from Chinese suppliers helped maintain stable inventory levels. Traders reported a wait-and-watch approach from key buyers, further softening the market.
Q2 2024 – India
During Q2 2024, Magnesium alloy ingot prices in India dropped by ₹2,881 per metric ton CIF Nhava Sheva (China), a 3.82% contraction. The decline followed ongoing industrial slowdowns and lower procurement from sectors like construction and renewable energy. With global prices falling and domestic supply stable, buyers pushed back orders and negotiated better terms. Additionally, favorable FX rates and relaxed import duties improved landed costs for overseas Magnesium alloy ingot, putting downward pressure on local prices.
Q1 2024 – India
In Q1 2024, Indian Magnesium alloy ingot prices experienced a significant decline of ₹2,995 per metric ton CIF Nhava Sheva (China), reflecting a 5.12% decrease—the steepest quarterly fall in the year. This was triggered by reduced raw material costs, especially dolomite and ferrosilicon, and a sharp drop in demand from automotive and steel sectors. Improved availability from China, along with softening global energy prices, made imports more competitive. Domestic producers faced margin pressures amid intense price competition, prompting discounts and short-term deals.
PriceWatch is your trusted resource for tracking global magnesium alloy ingot price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the magnesium alloy ingot market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence magnesium alloy ingot prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely magnesium alloy ingot market data.
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Magnesium alloy ingot (Mg) is a lightweight, silvery metal known for its excellent strength-to-weight ratio and high machinability. It is widely used in automotive, aerospace, electronics, and medical industries due to its superior thermal and electrical conductivity and ease of casting. Available in various forms such as ingots, sheets, rods, and powders, Magnesium alloy ingot is ideal for applications requiring weight reduction without compromising strength. It is also used in steelmaking as a desulfurization agent and is valued for its recyclability and sustainability.
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Magnesium alloy ingots are semi-finished metal products made from a blend of magnesium and other elements such as aluminum, zinc, manganese, or rare earth metals to enhance strength, corrosion resistance, and formability. These ingots are lightweight, have excellent machinability, and are widely used in automotive, aerospace, electronics, and industrial applications where weight reduction and high performance are critical. Magnesium alloy ingots are typically produced through processes like die casting or sand casting and serve as the raw material for further shaping into components such as housings, frames, and structural parts.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Material | Magnesium Alloy AZ91D |
| Purity | ≥ 99.8% (depending on grade) |
| Density | 1.74 – 1.85 g/cm³ |
| Melting Point | Approx. 595°C – 640°C |
| Tensile Strength | 140 – 230 MPa (varies by alloy type) |
| Yield Strength | 65 – 160 MPa |
| Elongation | 2 – 10% |
| Hardness | 50 – 90 Brinell (HB) |
| Thermal Conductivity | 70 – 100 W/m·K |
| Electrical Conductivity | 16 – 22% IACS |
Applications
| Automotive | Engine blocks, transmission housings, wheels, steering columns, seat frames |
| Aerospace | Aircraft interior components, structural brackets, housings |
| Electronics | Laptop casings, mobile phone frames, camera bodies, optical devices |
| Industrial Machinery | Gearbox casings, tools, structural parts |
| Defense | Lightweight weapon parts, vehicle armor components |
| Sports & Recreation | Bicycle frames, sporting equipment, camping gear |
Magnesium alloy ingot prices are driven by several interconnected factors:
• Global Demand-Supply Dynamics:
Demand from automotive, aerospace, electronics, and steel industries, alongside supply levels from major producing countries (e.g., China, Russia, Australia), primarily dictate pricing.
• Raw Material Availability and Costs:
Magnesium alloy ingot production depends on raw materials like magnesite, dolomite, and seawater. Fluctuations in availability and mining costs directly affect Magnesium alloy ingot prices.
• Energy and Production Costs:
Magnesium alloy ingot extraction and refining are highly energy-intensive processes. Changes in electricity, fuel, and processing chemical costs significantly impact overall Magnesium alloy ingot pricing.
• Market and Regional Trends:
Global steel, aluminum, and automotive sector trends influence Magnesium alloy ingot demand. Regional trade policies and tariffs also affect supply chains and prices.
• Geopolitical Risks and Trade Policies:
Export controls, sanctions, or political instability in key producing regions can disrupt supply and create volatility in Magnesium alloy ingot pricing.
• Macroeconomic Conditions:
Global economic growth, inflation rates, and industrial output influence demand for Magnesium alloy ingot, impacting both short-term and long-term price trends.
How Do Raw Material Prices Affect Magnesium alloy ingot Pricing?
Magnesium alloy ingot production costs are closely linked to:
• Mining and processing costs of magnesite and dolomite
• Energy inputs (electricity, natural gas) used in electrolytic and thermal reduction methods
• Chemical inputs such as chlorine and hydrochloric acid
Increases in raw material and energy prices typically lead to higher Magnesium alloy ingot production costs and market prices.
Magnesium alloy ingot is a critical lightweight metal used in alloys for automotive, aerospace, and electronics applications. Rising Magnesium alloy ingot prices can lead to:
• Increased production costs for Magnesium alloy ingot alloys and related products
• Higher prices for aluminum-Magnesium alloy ingot alloy components, impacting automotive and aerospace manufacturing costs
• Broader inflationary pressures in industries reliant on lightweight metals for energy efficiency and performance improvements
Our platform offers comprehensive tools to help you track and analyze Magnesium alloy ingot market trends:
• Real-time Magnesium alloy ingot price updates and historical trends
• Production and capacity insights from major Magnesium alloy ingot producers worldwide
• Forward-looking price forecasts based on market dynamics and economic indicators
• Risk assessments related to energy markets, geopolitical events, and trade policies
• Weekly market reports and custom intelligence to support procurement and investment decisions
Some of the key benefits of using PriceWatch include:
Real-time Data: Access to up-to-date market intelligence and data on commodity supply chains.
Expert Analysis: Insights from industry experts to interpret market trends and identify potential risks.
Risk Assessment: Tools to assess supply chain vulnerabilities and develop mitigation strategies.
Benchmarking: Comparisons of commodity prices and sourcing practices to optimize procurement decisions.
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