Market trend of magnesium market in 2020
| Polyglutamic acid fertiliser grade |
On September 22, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will run weakly and stably, with the overall range of 12100-12500 yuan / ton, and the actual order negotiation is mainly discussed.
The specific price ranges of each region are as follows:
The ex factory spot exchange including tax in fugu district is 12100-12200 yuan / ton; that in Taiyuan area is 12200-12300 yuan / ton; in Wenxi area, it is 12300-12400 yuan / ton; in Ningxia area, it is 12150-12200 yuan / ton.
The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.
According to the data of the business agency, the average price of the domestic market on the 22nd was 12333.33 yuan / ton, a decrease of 2.89% compared with the average price of 12700 yuan / ton in the market at the beginning of September (9.1), and 14166.67 yuan / ton at the beginning of September (1.1), a decrease of 12.94%. In recent years, the price of magnesium ingot has been running weakly and steadily, and the price has been reduced slightly.
Low volume delivery
| Poly glutamic acid |
At present, there is not much trading in the market, the downstream just needs to purchase, and the export side is not in good supply and demand. The domestic market supply and demand are weak in the support of magnesium price.
On the one hand, the magnesium ingot Market is soft and bearish sentiment is rising. The reserve demand belongs to the expected buying, and the up and down sentiment does not affect the market operation; on the other hand, the recent low price of magnesium makes downstream customers more wait-and-see market, and just need to purchase.
Near the end of the month, some magnesium ingot manufacturers’ demand for funds to withdraw increased. This week, some manufacturers lowered their prices to promote volume with prices, reduce inventory pressure, and increase the supply of low-cost goods in the market. It is reported that some manufacturers will ship at the price of 12100-12400 yuan / ton.
Future forecast
The market expectation of weak trading and stock accumulation is difficult to reverse and digest in the short term. Based on the low price of magnesium ingot and the limited space for magnesium enterprises to reduce, it is expected that the market will still be weak and stable in the near future.
| Polyglutamic acid |