Price trend of magnesium metal

Market analysis of this week

According to the monitoring of Business News Agency, the average price in the domestic market was 21933.33 yuan/ton as of September, down 0.30% from last week. This week, the domestic magnesium ingot market was weak and stable, the market trading continued to be stalemate, the manufacturers were in a strong mood of stabilization, and the quotations were mostly firm, but the actual high price transaction in the market was not ideal, and the supply and demand sides still showed a cautious game.

Mentality

There are some differences in the mentality of the magnesium ingot market. Factories without inventory pressure still maintain the attitude of high prices, and the willingness to ship at low prices is not high; Some magnesium plants have weakened their support for the cost of magnesium ingots due to the lower price of raw materials, and the price has moved down.

Raw materials

The average market price of ferrosilicon in Ningxia is around 7900-8000 yuan/ton, which is down 100 yuan/ton at the beginning of the week. As the futures price fell below the 8000 yuan/ton threshold, the latest bidding price of some steel mills was pushed down, resulting in insufficient market confidence, and the quotations of most ferrosilicon manufacturers fell.

The price of blue charcoal in Fugu market remains weak and stable, and some enterprises are expected to reduce the price recently. In Fugu market, the current low price of medium materials is 1450-1550 yuan/ton, the high price is 1660-1700 yuan/ton, the low price of small materials is 1410-1530 yuan/ton, the high price is 1660-1700 yuan/ton, and the mainstream price of coke surface is 1050-1200 yuan/ton, all of which include tax in cash.

Aftermarket forecast

In general, the market recovered slowly after the Lantern Festival and the transaction was not ideal. The price of raw materials, such as blue coke and ferrosilicon, has fallen slightly, and the actual transaction and negotiation space of magnesium market is large. Only some enterprises are not willing to ship at a low price due to cost factors, and it is expected that the price of magnesium ingot will run weakly and steadily in the short term.