1. Commodity Name: Magnesium Ingot (9990)
2. Latest Price (2019.8.14): 15,750 yuan/ton
Magnesium ingots (99.9%, non-pickling, simple packaging) from the main producing areas in China are charged with cash tax as follows:
Fugu area ex-factory includes 15700-15800 yuan/ton of tax, Taiyuan area 15800-15950 yuan/ton of cash, Wenxi area 15900-16100 yuan/ton of cash and Ningxia area 15700-15850 yuan/ton of cash.
| Azodicarbonamide (AC foaming Agent) |
3. Analysis Points: Recently, the price of magnesium ingot has increased slightly. It is reported that most factories have fewer spot sources and less inventory pressure, which is the driving force to boost market prices. On the one hand, based on the release of orders in the previous export backlog, the demand has improved slightly, on the other hand, the supply side is now in the off-season of production, hot weather and plant equipment maintenance practices, it is expected that factory output will decline, the overall inventory of the factory is not large, and the willingness of the factory to bid is still in place.
4. Future market forecast: This week, the market turnover is good, pre-sale orders have been signed from time to time. It is expected that the price of magnesium ingots will be stable and strong in the near future. Later, it will focus on the actual market transactions and maintenance of magnesium plants.
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