According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province fell this week (11.11-11.15), with an average market price of 17350 yuan/ton at the beginning of the week and 17200 yuan/ton at the end of the week, a decrease of 0.86%.
| Gamma-PGA (gamma polyglutamic acid) |
This week’s market analysis
The price of magnesium ingots continued its downward trend this week, and after a weak operation, the price continued to adjust downwards. The manufacturer has accumulated inventory, sufficient supply, and weak terminal demand. The price of magnesium ingots is under pressure and has loosened downward. Downstream maintains essential procurement, with low transaction volume.
Upstream aspect
The price of Fugu 75 silicon iron remained unchanged from last week. The overall operation of the ferrosilicon market is weak and stable, with average market demand and downstream on-demand procurement, resulting in light actual transactions. The futures market is weak and volatile, and factory quotes have slightly loosened. It is expected that 75% silicon iron will be weak in the short term.
Fugu Blue Charcoal prices are running steadily. The supply of coal in Shaanxi region is relatively tight, with prices rising narrowly. The overall price of blue charcoal is relatively stable, but the operating rate of blue charcoal manufacturers has declined, with only a few companies lowering the prices of small and medium-sized materials and coke. The slight increase in raw material prices provides some cost support for blue charcoal. Considering the slight fluctuations in downstream prices, it is expected that the price of blue charcoal will remain relatively stable in the short term.
comprehensive analysis
The current factory production reduction is not yet significant, and there is a lack of obvious favorable factors to support it. It is expected that the short-term magnesium market will still be difficult to stop falling. Next week, the magnesium market may continue its weak consolidation trend, and we will observe the situation of factory production reduction and demand follow-up.
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