Market trend of magnesium market in 2020
| povidone Iodine |
On November 25, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will be strong, with the overall range of 13500-13900 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 13600-13700 yuan / ton; that in Taiyuan area is 13700-13800 yuan / ton; in Wenxi area, it is 13800-13900 yuan / ton; in Ningxia area, it is 13600-13700 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.
This round of bottom rebound market, pull up nearly two weeks later, the market gradually entered the long short stalemate stage. Market performance for trading slowed down compared with the previous period, downstream customers began to operate cautiously.
Rebound motivation
| Sodium Molybdate |
1. In the early stage, the price of magnesium ingots dropped continuously, and the influence coefficient of cost factors on the price increased. In addition, since the middle of March this year, the price of competitive aluminum ingots has been rising, and the willingness of magnesium enterprises in mainstream production areas to support prices has increased.
2. Under the trading psychology of centralized purchase of foreign orders, the increase of inquiry volume, the hot market trading, the enthusiasm of the market to do more, and the psychology of buying up and not buying down, the domestic demand for replenishment of stocks is rising.
Future forecast
Near the end of the month, some magnesium ingot manufacturers’ demand for fund withdrawal has increased. In addition, the early hoarders have high willingness to ship goods at the current price, and the long short game is intensified. It is expected that the probability of stable operation will increase in the near future, with the fluctuation range of 13400-13800 yuan / ton.
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