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Magnesium Alloy Ingot Price Trend and Forecast

UNSPC code: 11101800
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

magnesium alloy ingot Price Trends by Country

cnChina
usUnited States
nlNetherlands
inIndia

Global magnesium alloy ingot Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Magnesium Alloy Ingot price assessment:

  • AZ91D FOB Shanghai, China
  • AZ91D CIF Nhava Sheva (China), India
  • AZ91D CIF Rotterdam (China), Netherlands
  • AZ91D CIF Houston (China), USA

Magnesium Alloy Ingot Price Trend Q3 2025

In Q3 2025, the global magnesium alloy ingot market experienced a mixed price trend, fluctuating around 1% in comparison to the previous quarter. This change reflected a balance between supportive and restraining market forces. Stable demand from the automotive and aerospace sectors driven by lightweight material preferences helped maintain price levels.

Alongside that, global economic uncertainties, rising energy costs, and cautious procurement activities apply downward pressure. Supply-side factors also contributed, as production in major regions like China remained stable but faced intermittent disruptions due to environmental regulations. Meanwhile, inventory levels in key consumer markets remained adequate, limiting any strong upward momentum in pricing.

USA

Magnesium Alloy Ingot import prices CIF Houston (China), USA, Grade- AZ91D.

In Q3 2025, magnesium alloy ingot prices in the U.S. market have shown a slight upward movement, increasing by 0.50% compared to Q2. This growth has been supported by steady demand from the automotive and aerospace sectors, along with tight supply conditions resulting from ongoing logistical constraints and limited imports.

However, in September 2025, magnesium alloy ingot prices in the US have declined by 2% as downstream demand has slowed and domestic production rates have improved.

Buyers have adopted a cautious purchasing approach amid high inventory levels, contributing to the softening of prices toward the end of the quarter. While the quarterly average has still reflected a marginal gain, the late-quarter dip has indicated a potential shift in market sentiment.

Netherlands

Magnesium Alloy Ingot import prices CIF Rotterdam (China), Netherlands, Grade- AZ91D.

In Q3 2025, magnesium alloy ingot price trend in the Netherlands have shown a modest upward movement, rising by 0.50% compared to Q2. This increase has been supported by firm downstream demand from the automotive and aerospace sectors, coupled with tight supply conditions due to reduced imports from key Asian markets.

However, in September 2025, magnesium alloy ingot prices in the Netherlands have declined by 1% as market sentiment has weakened amid signs of slowing demand and improved inventory levels across European distributors.

Despite this brief correction, the quarterly average has remained higher, underpinned by strong pricing in July and August. Additionally, rising energy costs and stricter environmental regulations affecting production have contributed to elevated costs, reinforcing the overall upward price trend for Q3.

China

Magnesium Alloy Ingot Export prices FOB Shanghai, China, Grade- AZ91D.

According to PriceWatch, the magnesium alloy ingot price trend in China demonstrated a slight increase at the conclusion of Q3 2025, appreciating by close to 1% in comparison to Q2. The increases in price have largely been a result of persistent demand from consumer electronics and other growth sectors, alongside reduced capacity due to enforced environmental checks restraining production in key mainland production provinces of Shaanxi and Shanxi.

However, in September 2025, magnesium alloy ingot price in China retreated by 2% due to weakening market developments amid increased stockpiles of magnesium alloy ingot and weaker downstream demand. Softening raw material pricing as well as improved operations have been noted in addition to price drops.

India

Magnesium Alloy Ingot import prices CIF Nhava Sheva (China), India, Grade- AZ91D.

According to PriceWatch, magnesium alloy ingot price trend within India have exhibited a slight decrease in Q3 2025, by about 0.50% relative to Q2. This decline has stemmed from soft demand from the automotive and aerospace sectors and relatively healthy supply in India and around the world. Magnesium alloy ingot prices have been mostly stable through July and August. However, in September 2025, Magnesium alloy ingot prices in India fell by almost 1%, a significant decline over the quarter.

This trend has been led by increased imports from China at more favorable prices and easing raw material costs, particularly for ferro silicon and aluminum, which have been the primary building blocks for magnesium. Moreover, limited purchasing from manufacturers during 2025 as they adjusted their inventories has continued to keep downward pressure on prices. While the Indian rupee has remained stable, weaker logistics costs have also contributed to a downward trend in prices.

Magnesium Alloy Ingot Price Trend Analysis: Q2 2025

According to the Pricewatch, the global price trend of magnesium alloy ingot increased by $2617 per metric ton FOB Shanghai, marking a 3.85% rise in Q2 2025. This price growth is primarily attributed to reduced global supply, particularly from China, where production was curtailed due to stricter environmental regulations and seasonal maintenance closures.

Additionally, higher input costs, especially for coal-based energy and ferrosilicon critical materials in magnesium alloy production have pushed up manufacturing costs globally. Prices remain sensitive to supply disruptions, energy costs, and environmental policies, making market trends highly responsive to production shifts, particularly in major exporting countries like China. 

According to the Pricewatch, the price of magnesium alloy ingot in India rose by $2,668 per metric ton CIF Nhava Sheva, reflecting a 0.24% increase in Q2 2025. While this growth is more moderate compared to the global average, it stems largely from import-related costs and tariff implications. India relies heavily on imports for magnesium alloy, and recent discussions around potential safeguard duties ranging from 15–25% have influenced trader behavior and import pricing. 

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. 

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. 

Magnesium Alloy Ingot Price Trend Analysis: 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. 

Magnesium alloy ingot prices in India fell by â‚ą2,701 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. 

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. 

In Q3 2024, Indian Magnesium alloy ingot prices declined by â‚ą2,813 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. 

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. 

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. 

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. 

In Q1 2024, Indian Magnesium alloy ingot prices experienced a significant decline of â‚ą2,995 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. 

Technical Specifications of Magnesium Alloy Ingot Price Trends

Product Description:

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.

Identifiers and Classification:

  • HS Code: 810411


Magnesium Alloy Ingot Grades Specific Price Assessment:

  • AZ91D


Magnesium Alloy Ingot Global Trade and Shipment Terms

Packaging Type (Product & Country Specific): Steel Strap

Quotation Terms (Product & Country Specific): 50-60 MT and 30-35MT,


Incoterms Reference in Magnesium Alloy Ingot Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China   Magnesium Alloy Ingot export from China 
CIF Houston (China)  USA  Magnesium Alloy Ingot Import Price in USA From China  
CIF Rotterdam (China) 

 

 Netherlands   Magnesium Alloy Ingot Import Price in Netherlands from China  
CIF Nhava Sheva (China)  India  Magnesium Alloy Ingot Import Price in India from China  

*Quotation Terms refers to the quantity range specified for the Magnesium Alloy Ingot being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Magnesium Alloy Ingot packing, ease of handling, transportation, and storage in industrial and commercial applications.

Reporting Key Magnesium Alloy Ingot Manufacturers

Manufacturer 
Magontec Qinghai Limited 
Dead Sea Magnesium Ltd 
Wenxi YinGuang Magnesium Industry 
Baowu Magnesium Technology Co., Ltd 

Magnesium Alloy Ingot Industrial Applications

magnesium alloy ingot market share end use

Historically, several events have caused significant fluctuations in Magnesium Alloy Ingot prices

• Supply Chain Realignment and Cost Pressures (2023): 
With industries attempting to diversify sourcing and build resilience, Magnesium alloy ingot markets saw fluctuating prices driven by logistics bottlenecks, rising energy prices, and geopolitical instability. These factors created unpredictability in both supply and cost structures across major consumer regions. 

• Energy Crisis & Emission Policies in China (2021–2022): 
China, the dominant global supplier of Magnesium alloy ingot, implemented energy consumption caps and stricter environmental regulations in 2021–2022. These policies led to temporary shutdowns of smelting operations, triggering supply shortages and a sharp spike in global Magnesium alloy ingot prices. 

• COVID-19 Pandemic (2019–2020): 
The pandemic severely impacted global manufacturing and logistics, disrupting supply chains and leading to reduced output in Magnesium alloy ingot consuming sectors. Simultaneously, supply interruptions occurred due to lockdowns and reduced mining activity, causing price volatility and inventory imbalances. 

• Global Economic Slowdown (2019–2020): 
The downturn in global economic activity, particularly in industrial sectors such as automotive, aerospace, and electronics major consumers of Magnesium alloy ingot resulted in a marked decline in Magnesium alloy ingot demand. This, combined with overproduction in key supply regions, drove prices down during this period. 

Why PriceWatch?

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.

Track PriceWatch's magnesium alloy ingot price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch integrates data from global commodity exchanges, export-import trade statistics, regional spot pricing indices, and proprietary databases. This provides a robust, up to date picture of Magnesium alloy ingot market conditions.
  • On-the-Ground Intelligence: Our market specialists gather insights from producers, smelters, logistics providers, and end-users in China, India, the EU, and the U.S. the world’s key Magnesium alloy ingot production and consumption hubs.
  • Supply Chain Monitoring: We track all stages of the Magnesium alloy ingot value chain, from raw material mining (e.g., dolomite) to smelting, refining, and transportation. Monitoring includes energy usage patterns, freight costs, and refinery run rates.

 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: Events such as trade wars, sanctions, and regional conflicts are continuously tracked for their impact on Magnesium alloy ingot supply chains, especially disruptions in Chinese exports or European demand. We assess both short-term and structural implications on pricing.
  • Natural Disasters and Climate Events: Events like droughts affecting hydropower in China or flooding that disrupts mining regions are assessed for their impact on production output and logistics, with outcomes factored into our forecasts.
  • Economic Shifts: We analyze macroeconomic indicators such as global GDP, inflation, interest rates, and consumer confidence to understand downstream Magnesium alloy ingot demand—especially from sectors like automotive, construction, and electronics.

 

Production Capacity and Supply Analysis

  • Current Production Monitoring: Our database tracks operational status, planned shutdowns, and output levels of Magnesium alloy ingot smelting and alloying facilities globally. Particular focus is placed on Chinese smelters, which account for over 85% of global supply.
  • Future Capacity Projections: We monitor refinery expansions, government policies, and energy infrastructure developments to forecast supply-side growth or constraints. This includes evaluating how carbon targets and policy reforms could reshape production costs and supply reliability.

 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch assesses Magnesium alloy ingot usage across multiple industries:
    • Automotive: Lightweighting for fuel efficiency and EV battery casing 
    • Aerospace: Structural applications and components 
    • Electronics: Casings and thermal management 
    • Steelmaking: Desulfurization agent 


These assessments include YOY growth forecasts and policy-driven demand projections. 

  • Regional Demand Dynamics: We study demand trajectories across regions:
    • Asia-Pacific: High consumption growth, especially in India, China, and ASEAN 
    • Europe: Fluctuating demand due to decarbonization goals and material substitution 
    • North America: Moderate demand supported by EV and defense sectors 

Pricing Model Development

  • Dynamic Pricing Models: Our models integrate:
    • Historical price trends 
    • Global supply-demand balances 
    • FX movements 
    • Energy cost shifts 
    • Trade policies


These econometric tools offer scenario-based forecasting that dynamically updates as real-time data changes. 

  • Scenario Analysis: Clients receive risk-adjusted forecasts under various possible market conditions:
    • Base Case: Normal market evolution 
    • Upside Scenario: Strong demand + restricted supply 
    • Downside Scenario: Oversupply + weak demand or policy overhang 

Reporting and Client Support

Comprehensive Reports: Our weekly and monthly reports include:

  • Current price benchmarks (FOB, CIF, CFR) 
  • Market commentary 
  • Price forecasts 
  • Supply-demand analytics 
  • Risk assessments 


Ongoing Support:
Clients get regular updates via email, dashboard access, and custom alerts. Expert consultations are available to help interpret trends, assess procurement timing, and plan strategic responses to market shifts.

 

Magnesium Alloy Ingot Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for magnesium alloy ingot. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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.

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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