Market analysis
On the two days after the festival, the price of magnesium in different regions increased by 500-1000 yuan / ton. According to the data monitoring of business society, as of the 6th, the average price in the domestic market was 37166.67 yuan / ton, up 2.29% from that before the festival. The transaction price of magnesium ingot market was concentrated at 37000-37500 yuan / ton.
In terms of magnesium plants, the pre holiday price protection operation has been continued. The recent trading volume has improved relatively. In addition, the epidemic situation has improved, the market confidence has warmed up, and the factory has tentatively increased. However, the overall market is still in a tepid state, and the magnesium market continues to rise, which needs to be studied. In terms of raw materials, the ferrosilicon and blue carbon markets are depressed, and the prices show a slight downward trend. The coal is subject to strengthened control by the policy section, which affects the mentality of some coke enterprises. The magnesium plant has obviously pressed the price of raw materials, but the upstream price concession is not willing.
Business analysts believe that at present, magnesium ingots are in a tentative upward adjustment stage, which still depends on the release degree of subsequent demand. In the short term, the downstream just needs to replenish the warehouse to provide price support. However, considering that the raw material price is still high, the overall downstream demand is flat, and the subsequent price increase confidence of magnesium city is insufficient.
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