1. Trade name: magnesium ingot (9990)

2. Latest price (November 21, 2019): 14275 yuan / ton

3. Key points of analysis: at present, the price of magnesium ingot keeps falling, and the market is relatively weak. It is reported that the actual transaction price of magnesium ingots in the main production area is in the 14000 line, with small trading volume and sporadic transactions. Some magnesium enterprises with small inventories are beginning to show no signs of covering the goods due to the low price. On the one hand, due to the fact that market participants continue to wait and see the one-way downward market, there are not many purchases in the market, the demand is the main factor, and a small number of traders are mainly shipping according to orders; on the other hand, non main magnesium enterprises are less willing to ship at low prices, and their willingness to hold prices is rising, so they prefer to increase inventory rather than ship at low prices.

4. Future market forecast: the overall market is weak and the demand is poor. It is expected that the price of magnesium ingot will be weak and stable in the near future, and the actual transaction situation in the market will be concerned in the later stage.