Market trend of magnesium market in 2020
| ferric sulfate (Poly ferric sulphate) |
On November 20, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will run weakly and stably, with the overall range of 13000-13600 yuan / ton, and the actual order negotiation is mainly discussed.
The specific price ranges of each region are as follows:
The ex factory spot exchange including tax in fugu district is 13300-13400 yuan / ton; that in Taiyuan area is 13400-13500 yuan / ton; in Wenxi area, it is 13500-13600 yuan / ton; in Ningxia area, it is 13350-13400 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.
Trading improvement & cost rise
| EDTA |
At present, the market trading is improving, the downstream rigid demand procurement is increasing, and the demand side is improving. Although the export side of the shipment is not good, domestic market supply and demand in the face of magnesium price support in the near future.
In terms of cost, recently affected by weather and raw material prices, magnesium enterprises in mainstream production areas are willing to raise prices. In addition, since the middle of March this year, the prices of competitive aluminum ingots have been rising, and the prices of magnesium and aluminum have been hanging upside down for a long time. The cost performance ratio of magnesium alloys has increased compared with the previous period, and the downstream demand has slightly improved.
This week, some manufacturers raised their prices. Near the end of the month, some magnesium ingot manufacturers’ demand for fund withdrawal increased, and the increase rate is expected to slow down.
| EDTA 2Na |