According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi region stopped falling this week (3.22-3.26), with an average market price of 15966 yuan/ton at the beginning of the week and 15825 yuan/ton at the end of the week, a decrease of 0.89%.
| Gamma-PGA (gamma polyglutamic acid) |
Supply and demand side
Magnesium prices saw a slight correction in the last week of March. At present, the inventory pressure of factories is at a relatively low level, but the accounting results of overall operating conditions still show significant challenges. Supported by cost factors, factories have a strong willingness to maintain price stability. Most factories are still in the stage of reducing production.
At present, there is no significant sign of market demand recovery, and there is no major positive news to boost market confidence. Therefore, it is expected that the magnesium market will still face considerable operational pressure in the short term. Downstream users are only satisfied with maintaining basic procurement needs, and the number of new orders is relatively limited. In this context, some manufacturers choose to slightly lower their prices to cope with market changes, while others insist on maintaining current prices unchanged, resulting in low overall transaction activity in the market.
Raw material end
The price of Fugu 75 silicon iron remained stable compared to the middle of last week. The silicon iron market is currently in a stable state, with futures prices fluctuating upwards and then falling back. The spot market is slightly weak but overall stable in a stalemate. In the Fugu orchid charcoal market, orchid charcoal prices have shown a weak trend, and companies have successively implemented price reduction measures, resulting in a slight decrease in quotations.
comprehensive analysis
In summary, downstream industries have weak demand, mainly focusing on purchasing to meet basic needs. Market inquiries and transaction activity have decreased, and the transaction atmosphere appears relatively quiet. It is expected that the short-term adjustment of magnesium prices within the range will not be significant.
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