After the Spring Festival, factory spot generally tight, coupled with the opening of the bull market in the base metals, strong fundamentals, magnesium prices rebounded strongly.By February 26, 99.9% magnesium ingot Fugu area factory quoted mainstream ex-factory cash price rose to 15,300 ~ 15,500 yuan/ton, Wenxi area 15,600 ~ 15,700 yuan/ton, 800 yuan ~ 1000 yuan/ton higher than the previous Friday, so far, two weeks after the Spring Festival, magnesium price quickly increased by about 1300 yuan ~ 1500 yuan/ton.
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