Market trend of magnesium market in 2020
| Benzalkonium chloride |
On November 30, 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.
According to the data of business agency, the average price of domestic magnesium ingot on November 30 was 13600 yuan / ton, which was 7.23% higher than the average price of 12683.33 yuan / ton at the beginning of the month, 10.27% higher than the average price of 12333.33 yuan / ton at the beginning of the year, and 14166.67 yuan / ton at the beginning of the year, a decrease of 4.00%.
From January to September, the price of magnesium fell continuously
Affected by the epidemic situation, the export of magnesium ingots is not smooth, and the demand of downstream automobile industry is weak in the first half of the year. The demand for new magnesium alloy is weak, and the price of magnesium falls continuously from January to September. (Note: the export proportion of domestic magnesium ingot is higher)
| ferric sulfate (Poly ferric sulphate) |
In the middle and late September, the price of magnesium ingot hit the bottom. It is reported that the average price in the third quarter dropped to 12700 yuan / ton, with a 3.3% month on month decrease and 14.7% year-on-year decrease. Magnesium smelting profit (after tax) fell to the low level of 775 yuan / ton, down 60.3% compared with the beginning of the year.
The price of magnesium began to rise in recent two months
In October, the influencing factors of cost side factors were enlarged, the price was low, the profit was meager, the magnesium plant’s willingness to stand up for price rose, and the price was tentatively raised for shipment; then, the long short game intensified and the platform operated in shock.
In the middle of November, foreign orders were purchased intensively, and the number of inquiries increased. The second round of rebound market started. After nearly two weeks of pulling up, the market gradually entered the stage of long short stalemate. Market trading performance slowed down compared with the previous period, and downstream customers began to operate cautiously.
Future forecast
The price rebounded slightly. At the current price, the early hoarders have a high willingness to ship goods and the long short game is intensified. However, in recent years, nonferrous metals have skyrocketed, the magnesium aluminum ratio has decreased, and the promotion and utilization of magnesium alloys in the downstream are beneficial. It is expected that the operation probability will increase in the near future, with the fluctuation range of 13500-14000 yuan / ton.
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