Magnesium market trend
On May 29, 2020, the ex factory cash tax price of magnesium ingots (99.9%, non pickling, simple packaging) in the main domestic production areas was basically stable. At present, the mainstream quotation range is 13100-13400 yuan / ton, and the actual single negotiation is the main part.
| Melamine |
According to the follow-up information of the business agency, the ex factory spot exchange including tax in fugu area is 13100-13300 yuan / ton; the spot exchange in Taiyuan area is 13150-13300 yuan / ton; the spot exchange in Wenxi area is 13300-13400 yuan / ton; the spot exchange in Ningxia area is 13150-13250 yuan / ton.
According to the data of the business agency, the average price in the domestic market on the 29th was 13250 yuan / ton, down 6.47% from 14166.67 yuan / ton in the market at the beginning of may (3.1).
In 2020, the overall market of magnesium ingots is weak and affected by the epidemic situation. Since the quotation was resumed in the middle of February, the price of magnesium ingots once had no market due to the limited traffic and transportation. Under the level of traffic and investment, the market quotation once jumped. Subsequently, the trading gradually recovered, and the price of magnesium ingots fell all the way.
Stable operation period before the festival
From January to mid February: near the Spring Festival, the market trading tends to be weak and the market is stable. In the early stage of the downstream, the goods are fully prepared, the festival atmosphere is getting better, and the downstream operation rate is moving down. Before the festival, the price of magnesium ingot was stable, and the price range was 14000-14200 yuan / ton.
Price jump after the festival
In the middle of February, affected by public events, the mainstream magnesium plants are still fully back to work, and the sales are mainly home-based and office based. The actual traffic investment is affected by the traffic factors and the weak demand for the downstream has not yet been back to work, so the market is basically priceless. The mainstream manufacturers raise the external quotation and ask for the way.
| EDTA |
Falling period
From the middle of February to the middle of April, the price of magnesium ingot moved down all the way. In the early stage, due to traffic control, the inventory and shipment were not smooth, and in the later stage, due to the downstream resumption of production and work, it was not as expected.
In the early stage, with the gradual development of real trading, the price of magnesium ingot gradually recovers the quotation after two-way market selection; in the later stage, it is reported that, on the one hand, based on the short-term imbalance between supply and demand, some magnesium enterprises in the main production area have strong willingness to ship, large demand for payment back, and sometimes low price to ship; on the other hand, the recent general decline of bulk commodities, the lower willingness to receive goods, and the willingness of traders to store goods have fallen to the freezing point , mainly for rigid demand, small quantity and many batches, such as the market is more cautious. The overall purchase volume of the market is not large, and the delivery and investment are relatively light.
Bottom shock period
From the middle of April to may, the price of magnesium dropped to the lowest level in three years, and the purchase in the market gradually picked up. Affected by cost factors, manufacturers’ willingness to stand up for the price rose. The willingness of some manufacturers to stop production and overhaul has increased, the long space game has intensified, and the market is generally stable.
Future forecast
The downstream demand is weak. At present, the price of magnesium ingot is low, and the weather is gradually turning hot. It is expected that some factories will be shut down for maintenance in June, and the supply side will have some advantages in magnesium price. However, based on the current weak demand, it is expected that the near future will be stable, and the later stage will focus on the changes in the downstream market purchase pace.
| EDTA 2Na |