Market trend of magnesium market in 2020
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On September 25, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will stabilize, with the overall range of 12300-12550 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 12300-12400 yuan / ton; Taiyuan is 12400-12450 yuan / ton; Wenxi district is 12400-12550 yuan / ton; Ningxia area is 12350-12400 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 25th was 12350 yuan / ton, a decrease of 2.76% compared with the average price of 12700 yuan / ton at the beginning of September (9.1), and 14166.67 yuan / ton at the beginning of September (1.1), a decrease of 12.82%. After autumn, the price of magnesium ingot began to stabilize and recover slightly.
The output of magnesium decreased by 3.66% in July before the low price of magnesium
According to the statistics of China Nonferrous Metals Industry Association, from January to July 2020, China’s Communist magnesium reached 465400 tons, a year-on-year decrease of 3.66%.
Among them, the total production of Shaanxi Province was 306500 tons, with a year-on-year increase of 6.85%;
The total production of Shanxi Province was 62700 tons, down 16.91% year on year;
Ningxia produced 27700 tons, up 6.52% year on year;
The total production in Xinjiang was 22100 tons, a year-on-year decrease of 36.09%;
Liaoning Province produced 21000 tons, down 14.69% year on year;
Henan Province produced 14300 tons, down 6.31% year on year;
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The cumulative production of Inner Mongolia was 10100 tons, down 11.77% year on year;
Shandong Province has a total production of 0600 tons, with a year-on-year increase of 16.40%;
The total production of Hebei Province was 0.021 million tons, up 67.19% year on year.
Supply and demand side impact factors move down, cost side impact factors rise
In the early stage, the market price of magnesium ingot dropped to 12100 yuan / ton, and the profit margin of magnesium enterprises fell to the limit. Based on the consideration of cost factors, domestic mainstream manufacturers have a sharp increase in willingness to support prices, and the influence of cost factors on prices is gradually enlarged, which is different from that when there is profit
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