Market analysis
According to the data monitoring of business agency, 99.9% of the factory price including tax in mainstream areas was 44666.67 yuan / ton on the 23rd, up 2.68% on the previous trading day, and the quotation of magnesium price was strong.
The recent magnesium price can be described as rising and falling. At present, the magnesium ingot Market is full of variables. Today, some magnesium factory traders said to suspend quotation and ship with them, and watch the future trend and environmental protection policies. Today, the price rise of magnesium ingots began to slow down, and the downstream procurement demand also slowed down. It was difficult for downstream users to accept high price resources. There were few low price resources in the market, and the upstream and downstream were in a stalemate, which hindered the upward movement of magnesium prices.
Business analysts believe that magnesium ingot prices are expected to be high in the short term, focusing on demand follow-up and environmental protection progress.
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