Magnesium market trend
On April 28, 2020, the ex factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in main domestic production areas was lowered. At present, the main quotation range is 12950-13200 yuan / ton, and the actual single negotiation is the main part.
| Gamma-PGA (gamma polyglutamic acid) |
According to the follow-up information of the business agency, the ex factory spot exchange including tax in fugu area is 12950-13100 yuan / ton; the spot exchange in Taiyuan area is 13100-13200 yuan / ton; the spot exchange in Wenxi area is 13200-13300 yuan / ton; the spot exchange in Ningxia area is 13000-13100 yuan / ton.
According to the data of business agency, the average price of domestic market on the 28th was 13083.33 yuan / ton, which was 14166.67 yuan / ton compared with the market price at the beginning of the year (1.1), a decrease of 7.65%.
The price of magnesium ingot continues to move down. At present, the price has reached a low level in nearly 4 years, as shown in the following figure:
| Sodium Molybdate |
The price of magnesium ingot has been stable recently, and fluctuates down slightly. At present, the market turnover has picked up slightly, the early contract delivery is concentrated, and some manufacturers say that there are not many spot goods. Near the May Day holiday, the downstream manufacturers have basically completed the preparation of goods. At present, the purchase rhythm of a small number of batches has not changed significantly.
Future forecast
The downstream demand is weak, and the rigid demand procurement is the main demand. It is expected that the magnesium market game will intensify in the near future, and the stable operation in the near future will be the main one. 13000 frontline will obtain strong support, and pay attention to the change of the downstream procurement rhythm in the later stage.
| http://www.lubonchem.com/ |