Market analysis
According to the data monitoring of the business agency, the ex factory tax price of 99.9% of the mainstream areas was 40666.67 yuan / ton on the 14th. Compared with Friday, the price of magnesium ingot fell by 1500 yuan per ton.
Due to the poor apparent demand, the slowdown of downstream inquiry and procurement, it is difficult for the terminal to accept the high price. Affected by the expected decline of environmental protection policies, the magnesium plant is more willing to go to the warehouse and sell at a lower price according to the market. In terms of cost, the ferrosilicon market operated steadily today. Coal prices were subject to price limit control again and special supervision actions were carried out in some coal areas. The current inventory level returned to rationality slightly, the disk level fell back, the rising momentum of coal and ferrosilicon was restrained, and the logic of magnesium ingot production cost support collapsed.
Business analysts believe that due to the demand of next month, the price of magnesium ingots may be under pressure in the short term, and the overall decline is expected to be limited.
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