Magnesium market trend in 2020
On December 31, 2020, the price of magnesium ingots (99.9%, non pickling, simple packaging) in the main domestic production areas will be stable in cash and tax inclusive, with the overall range of 15400-15900 yuan / ton, mainly through real order negotiation.
The specific price range of each region is as follows:
In fugu area, the ex factory spot exchange including tax is 15400-15600 yuan / ton; in Taiyuan area, it is 15700-15800 yuan / ton; in Wenxi area, it is 15800-15900 yuan / ton; in Ningxia area, it is 15500-15700 yuan / ton.
Magnesium ingot is original magnesium ingot according to national standard (GB / t3499-2011); non pickling, no wooden pallet and non payment acceptance price, mainly based on single negotiation.
According to the data of business news agency, on December 31, the average price of domestic magnesium ingot Market was 15550 yuan / ton, which was 17.71% higher than the average price of 14715 yuan / ton at the beginning of the month, 25.95% higher than the valley value of (9.21) 12333.33 yuan / ton, and 9.65% higher than the average price of (1.1) 14166.67 yuan / ton at the beginning of the year.
Monthly rise and fall of magnesium ingots during the year
Magnesium price enters platform shock zone in March
In December, the influencing factors of cost side factors were enlarged, coupled with environmental protection and weather factors, the magnesium factory’s willingness to support the price rose, and the price was tentatively increased for shipment; then the long short game intensified, and the platform ran in shock.
In the middle of November, foreign orders were purchased intensively, the amount of inquiries increased, and the second round of bottoming rebound started. After nearly two weeks, the market has gradually entered the stage of long short deadlock. In early December, the price of raw materials rose, driving the price of magnesium market to continue to rise. At present, the market trading performance slowed down compared with the previous period, and downstream customers began to operate cautiously.
Future forecast
In the near future, the probability of stable and good operation increases, and the oscillation range is 15400-15900 yuan / ton.
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