Magnesium Metal Price: China Mg 99.9% Export Price & 2026 Trend

Quick Answer: As of August 27, 2026, China Mg 99.9% magnesium metal export offers are around USD 2,250–2,260/MT FOB Tianjin for non-acid-washed material, with mainstream transactions reported in the same range. China magnesium prices reached a 2026 high above USD 2,500/MT in April before moving lower through May, June and July. By late August, the market had returned to a relatively low range near USD 2,250–2,260/MT.

This page tracks the latest magnesium metal price, China Mg99.9% export quotations, 2026 price trends, upstream ferrosilicon costs and the main factors that affect a final FOB, CFR or CIF quotation.

On August 27, 2026, the China export price for Mg99.9% magnesium metal is around USD 2,250–2,260 per metric ton FOB Tianjin. The mainstream transaction range is reported at the same level, and the quoted material is non-acid-washed.

The current market range should be used as a bulk export price reference, not as a fixed contract price. A formal quotation can change with purity, quantity, surface condition, packing, shipment schedule, loading port and destination.

Market data source: FerroAlloyNet (cnfeol.com), August 27, 2026.

Mg 99.9% Magnesium Ingots

Magnesium Metal Powder

Magnesium Metal Granules

Industrial magnesium metal is usually quoted in USD per metric ton. Based on the August 27 Mg99.9% FOB Tianjin range, the same bulk price can be converted into kg and lb for comparison.

USD 2,250/MT ÷ 1,000 = USD 2.25/kg.

This is only a unit conversion of the bulk FOB quotation. It is not a retail magnesium price. Small-lot, laboratory or online retail prices can be much higher because they include different packaging, processing, distribution and handling costs.

China Mg99.9% export prices have shown a clear rise-and-fall cycle during 2026. At the beginning of January, export prices were around the mid-USD 2,200/MT range. The market then rose quickly and remained mostly in the low USD 2,300s to low USD 2,400s through February and March.

The strongest increase occurred from late March into April. At the April high, the upper end of the Mg99.9% export range moved to approximately USD 2,510–2,530/MT.

After that peak, the market entered a broader downward adjustment. Prices fell through May and June with only short rebounds. By July, the market had returned to the low-to-mid USD 2,200/MT range. On August 27, the export quotation was around USD 2,250–2,260/MT.

The late-August magnesium metal price is therefore well below the April peak and much closer to the levels seen near the beginning of the year.

Trend source: FerroAlloyNet export price chart for Shanxi Mg ≥99.9%, January–August 2026.

Magnesium Metal Price Trend: July–August 2026

The July–August chart gives a clearer view of the current short-term market. At the beginning of July, Mg99.9% export prices were approximately USD 2,260–2,270/MT. Prices weakened during the first week before recovering, then softened again around mid-July, when the lower end moved close to USD 2,220/MT.

A stronger rebound developed in late July and pushed the market to approximately USD 2,280–2,290/MT. This recovery did not continue throughout August.

During the first half of August, quotations were generally around USD 2,260–2,280/MT. Prices then eased again toward the end of the month. By August 27, China Mg99.9% export prices had returned to USD 2,250–2,260/MT FOB Tianjin.

The recent pattern is better described as range-bound with mild downward pressure rather than a new strong upward trend.

Mg99.9% Magnesium Metal Export Price Trend, Jul–Aug 2026

Magnesium metal prices cannot be explained by one raw material or one market indicator. For China Mg99.9%, the most useful factors to watch together are primary magnesium production, ferrosilicon supply and price, producer inventory, downstream purchasing, export orders, freight and exchange rates.

The 2026 data currently show an important divergence: ferrosilicon export prices strengthened during August while Mg99.9% magnesium export prices did not rise in parallel. This means higher upstream costs alone were not sufficient to determine the final magnesium price.

Magnesium Production, Supply and Inventory

China's primary magnesium production remained relatively stable during the first half of 2026. Based on the visible monthly production data, output was approximately 85,000 MT in January, 80,000 MT in February, and then returned to roughly 85,000–88,000 MT per month from March through June.

hina Magnesium Metal Production, Jan–Jun 2026

This suggests that the supply side did not experience a sustained production contraction during the first half of the year. Production data alone do not prove that stable output caused the later price decline, but when supply remains available, the market has less supply-side support than it would during widespread production cuts.

Current inventory data should still be checked separately. Output and inventory are related, but they are not the same indicator.

Data note: the supplied chart is titled January–August 2026, but the visible monthly bars currently run from January through June. Only the visible months are used above.

How Do Ferrosilicon Prices Affect Magnesium Metal Prices?

Ferrosilicon is an important reducing agent in the Pidgeon process used for primary magnesium production in China. Both FeSi availability and FeSi price can therefore affect magnesium production costs.

China's monthly ferrosilicon production generally increased after February. Available data indicate roughly 420,000–440,000 MT/month early in the year, increasing toward approximately 475,000–480,000 MT/month by June and July.

This suggests that ferrosilicon supply remained relatively available during the middle of 2026. However, supply volume and price did not move in the same direction during August.

During most of July, FeSi72 export prices remained around USD 1,150–1,170/MT. By late August, FeSi72 quotations had increased to approximately USD 1,175–1,195/MT.

FeSi75 showed a stronger increase. After trading around USD 1,190–1,210/MT during much of July, late-August offers reached approximately USD 1,230–1,250/MT.

Ferrosilicon 72 Export Price Trend, Jul–Aug 2026

Ferrosilicon 75 Export Price Trend, Jul–Aug 2026

At the same time, Mg99.9% export prices did not rise in parallel and instead returned to around USD 2,250–2,260/MT. This divergence suggests that higher ferrosilicon costs alone were not sufficient to push magnesium quotations upward during this period.

Primary magnesium supply, inventory, downstream purchasing and export demand also influence whether higher production costs can be passed through to the final magnesium price.

How Does Downstream Demand Affect Magnesium Prices?

Primary magnesium demand comes from several industrial sectors. Aluminum-magnesium alloys, magnesium alloy production and automotive die-casting are important demand channels. Magnesium is also used in metallurgical desulfurization and other lightweight alloy applications.

The price effect depends on actual purchasing activity rather than the existence of those applications. Stronger alloy or automotive orders can support primary magnesium consumption, while cautious downstream procurement can limit producers' ability to raise offers even when production costs increase.

How Do Export Orders and Exchange Rates Affect Magnesium Prices?

For China export quotations, international purchasing conditions matter separately from the domestic spot market. Overseas order volume, shipment schedules, RMB/USD exchange rates, port expenses and ocean freight can all affect the USD quotation.

This is why an unchanged China domestic magnesium price does not automatically result in an unchanged FOB, CFR or CIF offer.

If you compare magnesium prices from different websites, you may see noticeably different numbers. This does not necessarily mean one source is wrong. The quoted value may refer to a different grade, market, currency, date or delivery basis.

Purity also matters. A price for Mg99.9% should not automatically be compared with Mg99.95%, Mg99.99% or a magnesium alloy ingot. The quotation date matters as well because magnesium prices can change within days.

A China domestic spot price and a China FOB export price are not the same quotation basis. A domestic quotation may represent RMB/MT at a producing region or domestic delivery basis, while an export quotation may represent USD/MT FOB Tianjin.

The difference can include exchange-rate effects, inland transportation, export packing, port handling, surface treatment and shipment conditions. Converting a domestic RMB price into USD using the exchange rate alone therefore does not necessarily reproduce the actual FOB export quotation.

When comparing magnesium prices, first confirm the grade, date, currency, market location and trade term. Without these five items, two price numbers may not be directly comparable. 

Yes. Mg99.9% is a common commercial purity for primary magnesium metal, while higher-purity grades normally require a separate quotation because tighter chemical limits can change production, inspection and supply costs.

Before comparing prices, confirm Mg purity together with Fe, Si, Ni, Cu and any other specified impurity limits. A lower nominal price is not useful if the material does not meet the required chemical specification.

For available grades and technical parameters, see our magnesium ingot range.

The 2026 magnesium market entered late August at a considerably lower level than the April high. At the same time, the available indicators are moving in different directions:

• Primary magnesium production remained relatively stable during the first half of the year.
• Ferrosilicon production remained relatively high during the middle of 2026.
• FeSi72 and FeSi75 export prices increased during August.
• Mg99.9% export prices did not rise with ferrosilicon prices and instead returned to approximately USD 2,250–2,260/MT.

This mixed picture suggests that the short-term magnesium price outlook should be judged from several indicators rather than one production cost.

What Could Support Magnesium Prices?

• Producer inventories decline.
• Primary magnesium output is reduced.
• Downstream purchasing improves.
• Export orders increase.
• Ferrosilicon and energy costs remain high.

What Could Keep Magnesium Prices Under Pressure?

• Magnesium supply remains sufficient.
• Producer inventories increase.
• Downstream purchasing remains cautious.
• Export demand stays limited.
• Competition for spot orders remains strong.

Without complete current inventory and downstream order data, it would be premature to assign one factor as the sole cause of the August market movement or to give a fixed future magnesium price target.

The current USD 2,250–2,260/MT FOB Tianjin range is a market reference. Your final Mg99.9% export price depends on the complete order specification and delivery basis.

The market price answers what Mg99.9% is trading around now. A formal quotation answers what your specific shipment will cost under the required order conditions. These are related, but they are not exactly the same price.

ZhenAn supplies Mg99.9% magnesium metal and magnesium ingot for alloying, metallurgy and other industrial applications. Before quotation, please send the required Mg grade, impurity limits, quantity, surface condition, packing requirement and destination port.

Batch COA/MTC, packing documents and agreed third-party inspection support can be confirmed according to order requirements.