Price trend of magnesium metal

Market analysis of this week

According to the monitoring of the Business News Agency, the average price of the domestic market was 21700 yuan/ton by the end of 2009, unchanged from last week. After the New Year’s Day holiday, the market action was slow, and most of the magnesium plants did not guarantee the price to maintain the previous market. Near Friday, the downstream centralized procurement was advanced before the Spring Festival, and the prices of some factories were tentatively raised slightly.

Factory

The price of magnesium ingot is at a low level, resulting in the production falling into a state of upside down and loss, and the factory is not willing to let the price down. In addition, due to the weak transaction in the early stage of the market, some magnesium plants reduced production to cope with it, resulting in a reduction in the supply of low-cost goods in the market.

Demand

The overall turnover of the magnesium market is weak, and the purchase is mainly on demand. Considering that the Spring Festival is approaching, some magnesium powder and magnesium alloy enterprises are starting to stock and purchase, and the purchase demand in the second half of this week is released ahead of schedule, which will support the magnesium price. Focus on the downstream procurement demand before the festival according to the situation. Overseas demand was flat, and under the influence of exchange rate, overseas traders were not willing to accept orders.

Raw materials

The average market price of ferrosilicon in Ningxia is 8167.44 yuan/ton, and the market demand of ferrosilicon is weak. It is expected that the home price will be weak and stable in the short term. The price of blue charcoal is stable and strong, the inventory is low, the supply is gradually tight, and the cost support of blue charcoal is strong.

Aftermarket forecast

In general, the factory is reluctant to sell at a high price, the demand is supported by stock preparation, and the support of raw material cost is strengthened. It is expected that the price of short-term magnesium will rise steadily.