Magnesium market trend
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On July 30, 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 30th 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), and 14166.67 yuan / ton in the market at the beginning of the year (1.1), a decrease of 8.71%. In recent years, the price of magnesium ingot is stable, and the quotation of mainstream production area is basically unchanged.
In 2020, the price of magnesium ingot will decline all the way. Since the middle of April, the price fluctuation tends to be stable, and the quotation range is between 12800-13400 yuan / ton.
The rebound of magnesium ingot price is weak, mainly due to the drag of overseas demand.
According to the data of the General Administration of customs, from January to June 2020, the export volume of magnesium products with six tax codes totaled 208000 tons, a year-on-year decrease of 10.50%, and the total export amount reached 492 million US dollars, a year-on-year decrease of 18.86%;
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Among them, the export volume of magnesium ingot was 114400 tons, with a year-on-year decrease of 8.41%.
The cost of magnesium ingot is stable or normal on the base and demand side
At present, the price of magnesium ingot is relatively low, and the mainstream transaction price in the market has approached 12850 yuan / T. due to the influence of cost factors, the willingness of mainstream manufacturers to stand up for prices has increased. Due to the obstruction at the export end, domestic customers just need to purchase, and middlemen purchase sporadically, fast in and fast out, so it is difficult for the demand side to improve significantly in the short term; supply pressure still exists in the short term.
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 later stage will run smoothly or become normal. In the later stage, attention should be paid to the change of downstream purchasing rhythm.
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