1. Trade name: magnesium ingot (9990)

2. Latest price (October 31, 2019): 14650 yuan / ton

3. Key points of analysis: since September, the price of magnesium ingot has been almost monotonous downward. With the price downturn, affected by cost factors, magnesium enterprises are under great pressure. In the near future, some mainstream manufacturers have strong willingness to hold up the price, and they have increased their offers. At present, the market quotation is more chaotic, but the low-cost goods source is more difficult to find than in the early stage, the market is expected to rise, and the procurement is just needed.

4. Future market forecast: Although the overall market is weak and the export situation is general, the price is low. Affected by cost factors, the manufacturer has great downward resistance. It is expected that the price of magnesium ingot will be strong in the near future, and the actual transaction situation in the market will be concerned in the later stage.