Magnesium market trend
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On July 27, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will run smoothly, with the overall range of 12800-13100 yuan / ton, and the actual order negotiation is the main one.
The specific price ranges of each region are as follows:
The ex factory spot exchange including tax in fugu district is 12800-13000 yuan / ton; Taiyuan is 12900-13000 yuan / ton; Wenxi district is 13000-13100 yuan / ton; Ningxia is 12800-12950 yuan / ton.
The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.
According to the data of the business agency, the average price of the domestic market on the 27th was 12933.33 yuan / ton, a decrease of 3.72% compared with the average price of 13433.33 yuan / ton in the market at the beginning of July (7.1).
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After the price tends to be stable, the market should maintain stable operation
After the price of magnesium ingot fell in July, it began to stabilize recently. It is learned that at present, there is not much trading in the market. Domestic downstream manufacturers have relatively sufficient stock in the early stage. At present, they basically purchase on demand and have little willingness to stock up in large quantities. Due to the influence of cost factors, magnesium ingot manufacturers are willing to reduce the price and promote sales, and the willingness to stop production and repair is relatively higher, and the market supply-demand game tends to be stable. It is expected that some factories will shut down for maintenance in the later stage, and the magnesium price at the supply side will be favorable to some extent. However, based on the reality of weak demand, it is expected that the weak and stable operation will be given priority to in the later stage, and the change of downstream purchasing rhythm will be focused in the later stage.
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