Actual
16900
Daily Change
0 0%
Monthly
1.20%
Yearly
-6.63%
Q3 Forecast
16929
Magnesium - Summary

Magnesium traded flat at 16,900 CNY/T on August 5, 2026. Over the past month, Magnesium's price has risen 1.20%, but it is still 6.63% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Magnesium - Stats

Historically, Magnesium reached an all time high of 71500 in September of 2021. This page includes a chart with historical data for Magnesium. Magnesium - data, forecasts, historical chart - was last updated on August 5 of 2026.

Magnesium - Forecast

Magnesium is expected to trade at 16928.60 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 16575.00 in 12 months time.



Price Day Month Year Date
Coal 130.85 -1.65 -1.25% 1.91% 13.98% Aug/04
Bitumen 3,886.00 -49.00 -1.25% 0.88% 9.68% Aug/05
Cobalt 56,290.00 0 0% 0% 68.86% Aug/04
Lead 1,904.10 7.97 0.42% 1.04% -4.76% Aug/05
Aluminum 3,229.30 8.30 0.26% 3.79% 25.76% Aug/05
Tin 55,446.00 178 0.32% 4.49% 66.98% Aug/03
Zinc 3,698.25 31.35 0.85% 3.21% 32.28% Aug/05
Nickel 17,096.13 -54 -0.31% 3.61% 12.99% Aug/05
Molybdenum 617.50 0 0% 1.65% 25.25% Aug/05
Palladium 1,393.00 32.00 2.35% 9.60% 21.93% Aug/05
Gallium 1,825.00 30.00 1.67% -7.59% 12.31% Aug/05
Germanium 23,750.00 0 0% 2.15% 62.12% Aug/05
Manganese 28.75 0 0% -7.11% -3.36% Aug/05
Indium 5,500.00 0 0% 0.92% 105.61% Aug/05
Soda Ash 1,030.00 -10.00 -0.96% -8.04% -18.90% Aug/04
Neodymium 975,000.00 -10000 -1.02% -3.94% 48.86% Aug/05
Tellurium 812.50 0 0% -0.91% 34.30% Aug/05
Rhodium 8,375.00 0 0% 2.76% 19.22% Aug/05


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
16900.00 16900.00 71500.00 12550.00 2012 - 2026 CNY/T Daily