Trend of metallic magnesium in recent March
Market analysis this week
In the first week of the new year, the magnesium market was running steadily. After the festival, there are many inquiries from downstream customers. The mainstream ex factory quotation including tax in the market is about 51000 yuan / ton. With the promotion of high prices, the market procurement also tends to be mild, and the procurement rhythm slows down gradually. In terms of quotation, the price of magnesium has increased by 3500 yuan / ton since January. By the 7th, the average price of magnesium ingot remained at 52500 yuan / ton, with an obvious upward trend. According to the traders, they are not willing to offer a high price and ship at a low price. They are unwilling to ship if it is lower than 51000 yuan / ton.
As of January 7, the specific price range of each region is as follows: ex factory tax cash exchange in fugu area is 51400-51500 yuan / ton; The ex factory tax included spot exchange in Ningxia is 51400-51500 yuan / ton; The ex factory tax included spot exchange in Taiyuan is 51500-51600 yuan / ton; The ex factory tax included spot exchange in Wenxi area is 51600-51700 yuan / ton.
The environmental protection policy has not been implemented yet
At present, both upstream and downstream magnesium ingots are paying attention to the rectification plan, waiting for the introduction of relevant policies and making further plans. Relatively speaking, it is difficult for magnesium ingots to fall back, different environmental protection news flows out from the market, the hype atmosphere is very high, and magnesium ingot merchants have a strong bullish mentality.
Need to be cautious
The downstream demand is flat, mainly for customers with just needs. At present, the magnesium ingot Market is still in a high shock stage. Although many merchants hold a bullish attitude, the demand side indicates that the procurement risk is high, and is very cautious about high price procurement, with more transactions than just needs.
Future forecast
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The downstream demand is flat, mainly for customers with just needs. At present, the magnesium ingot Market is still in a high shock stage. Although many merchants hold a bullish attitude, the demand side indicates that the procurement risk is high, and is very cautious about high price procurement, with more transactions than just needs.