In 2020, the price of magnesium ingot will generally show a downward trend, reaching the historical low in recent years. According to the data of the business agency, the price of magnesium ingot began to stabilize in mid September. This week, the price of magnesium ingot rebounded and rose slightly.
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On October 16, 2020, the price quotation of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China increased slightly, and the current mainstream quotation range was 12400-12700 yuan / T, and the actual price was mainly discussed. It is reported that at present, the actual transaction price in the mainstream production area market is between 12350 yuan and 12650 yuan / ton, with the price rising slightly.
The specific price ranges of each region are as follows:
The ex factory spot exchange including tax in fugu district is 12350-12500 yuan / ton; Taiyuan is 12500-12600 yuan / ton; Wenxi district is 12600-12700 yuan / ton; Ningxia is 12450-12500 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.
The main reason for the recovery of magnesium price
1. The price falls to a low level
On October 15, the magnesium commodity index was 75.61, flat with yesterday, down 33.92% from the cycle’s highest point of 114.43 (2012-08-01), and 4.03% higher than the lowest point of 72.68 on January 10, 2016. (Note: period refers to 2012-03-01 to now)
At present, the price is near the historical low, and the downward space is narrowed.
2. Trading improves and the willingness to stand up rises
It is reported that from January to July 2020, China’s Communist magnesium reached 465400 tons, a year-on-year decrease of 3.66%.
After the festival, the downstream purchase inquiry volume increased significantly compared with the previous period, the actual transaction also improved, the willingness of magnesium enterprises to support the price increased, and the quotation moved up this week.
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