Magnesium increased 450 CNY/T or 1.97% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Historically, Magnesium reached an all time high of 71500.00 in September of 2021. This page includes a chart with historical data for Magnesium. Magnesium - data, forecasts, historical chart - was last updated on June of 2023.

Magnesium is expected to trade at 22796.72 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 21352.12 in 12 months time.

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Magnesium



Price Day Month Year
Coal 131.00 0.85 0.65% -30.15% -68.24%
Bitumen 3,807.00 36.00 0.95% 6.19% -18.88%
Cobalt 29,525.00 0 0% -15.47% -60.10%
Lead 2,038.50 43.00 2.15% -4.19% -5.76%
Aluminum 2,268.00 -14.50 -0.64% -2.28% -18.49%
Tin 25,437.00 -17 -0.07% -3.98% -28.56%
Zinc 2,303.00 36.00 1.59% -12.43% -40.54%
Nickel 21,091.00 -94 -0.44% -14.57% -24.84%
Molybdenum 51.88 0 0% -9.98% 19.26%
Palladium 1,420.36 25.53 1.83% -0.19% -28.11%
Gallium 1,675.00 0 0% -8.22% -49.62%
Germanium 9,375.00 0 0% 0.81% 6.53%
Manganese 32.00 0 0% 0% -4.48%
Indium 1,495.00 0 0% 0% 3.46%
Soda Ash 2,040.00 -40.00 -1.92% -23.02% -28.42%
Neodymium 595,000.00 0 0% 6.25% -50.21%
Tellurium 592.50 0 0% -1.25% 36.21%
Iron Ore 62% fe 106.33 1.83 1.75% 0.81% -26.17%
Rhodium 6,650.00 -250 -3.62% -18.90% -55.67%


Magnesium
Trading Economics provides Magnesium pricing based on spot prices for magnesium ingot 99.9% min, traded in China. The biggest Magnesium producer is China, accounting for about 87% of the total production. Magnesium is a critical material for hardening aluminum alloys and is used in everything from power tools to laptops. Major consumers are China (39%), followed by Europe and North America (each around 19%) and Japan (4%).
Actual Previous Highest Lowest Dates Unit Frequency
23300.00 22800.00 71500.00 12550.00 2012 - 2023 CNY/T Daily